Lending

ONTARIO, Calif. – CU Direct announced two new features last week that will allow credit union members to apply for a loan or sell their car using an new iPhone app.

WASHINGTON – Mortgage rates declined this week for the fourth week in a row, to their lowest point since December, according to Freddie Mac.

AUSTIN, Texas – A+ FCU awarded six small business owners no interest $25,000 member business loans as part of a “myBusiness” challenge.

EAU CLAIRE, Wis. – Royal CU said it signed with CU Campus Resources to offer private student loans.

PHILADELPHIA – CRIF Select, part of CRIF Lending Solutions, on Monday announced its expansion into the Pennsylvania indirect lending market.

GROTON, Conn.-Tough times for the mortgage industry? Not at Charter Oak Federal Credit Union, which The Warren Group recently named Eastern Connecticut's No. 1 Mortgage Lender after experiencing tremendous growth in its mortgage business.

WASHINGTON – Mortgage rates fell for the third consecutive week, with the average rate on 30-year fixed-rate mortgages declining along with bond yields, according to Freddie Mac.

HELENA, Mont. – Helena Community CU has signed with MRG Document Technologies to implement the company’s Miracle Online platform for its mortgage document compliance needs.

OAK HARBOR, Ohio – Commodore Perry FCU and a local bank will provide low-interest loans to help improve the downtown area.

FAIRBORN, Ohio – Wright-Patt CU has joined the Ohio Business Lending Clearinghouse, a multi-agency partnership aimed at making it easier for Ohio’s small businesses to quickly connect with loan opportunities.

OLYMPIA, Wash.-After a poor showing in 2010, evergreenDIRECT CU has begun to bounce back, in part thanks to a renewed focus on auto lending.

MIAMI-Two state regulators said they have made inroads against payday lenders, but acknowledged the industry has been successful in finding loopholes in new laws.

SACRAMENTO, Calif.-In the wake of the mortgage and real estate market meltdowns, state legislatures have been eager to show they are on top of the problem.

BAXTER, Minn. – Mid-Minnesota FCU is offering Credit Union Student Choice private student loans to its members.

GARDNER, Mass. – The Federal Home Loan Bank of Boston has awarded GFA FCU a $100,000 “Equity Builder” grant that helps low-income first-time homebuyers pay closing and downpayment costs.

WASHINGTON – Mortgage rates declined slightly this week after some weak economic reports, including one showing a continued drop in home prices, according to Freddie Mac.

TYSONS CORNER, Va. – Mortgage Harmony Corp. said CMG Mortgage Insurance Co. has agreed to provide private mortgage insurance for its self-adjusting HarmonyLoan.

MADISON, Wis. – Summit CU has joined Milwaukee Energy Efficiency to offer low-rate “Me2” or “Green Madison” energy efficiency loans in Madison and Milwaukee.