Lending

ALEXANDRIA, Va. — Credit unions looking to build a commercial lending program should start small and grow their portfolios gradually.

McLEAN, Va. – Home loan rates fell again this week, near record lows reached in May, according to Freddie Mac.

MADISON, Wis. – UW CU has joined with DaneCountyMarket.com, a tool for researching real estate in Dane County, to provide loan products and services for members and non-members.

TAMPA, Fla. – Tampa Bay FCU has introduced home loans insured by the Federal Housing Administration for low- and moderate-income homebuyers.

SAN JOSE, Calif. – Technology CU announced yesterday the introduction of a five-year ARM for as much as $1 million for

SAN DIEGO — There's an emerging challenge for credit unions when it comes to lending: dealing with the "Newly Credit Impaired."

SAN DIEGO — Another tried-and-true pillar of lending has been tried in this recession, and is not proving true.

SAN DIEGO — Even a credit union that acknowledges it has been lucky to serve a relatively stable market during the recession has also had to make some changes to its loan underwriting.

SAN DIEGO — Credit union representatives from two cities that have taken heavy hits from the run-up and subsequent collapse in real estate prices are reporting slight improvement in the last three months.

SAN DIEGO — All loan modifications are not created equal. That was the message from Kevin Durrance, EVP and chief financial officer for Georgia FCU, Atlanta, who noted that because some loan mods show up on a Call Report and others don't, credit unions need to be careful about what and how they modify for their members.

CHICAGO — Federal legislation that gave homeowners more time to get help on mortgage payments may be making a dent in the foreclosure rate here.

BOULDER CITY, Nev. — There is not much of a recovery to speak of yet in this town located 20 miles from Las Vegas. But the credit union here is hopeful of the future.

WASHINGTON – Despite falling home prices, Fannie Mae and Freddie Mac will retain the same conforming loan limits for 2010, the companies’ federal regulator said last week.

McLEAN, Va. – Home loan rates continued to fall again this week, boosting lending activity, according to Freddie Mac.

ALBANY, N.Y. – SEFCU, formerly State Employees FCU, has joined the New York State Higher Education Services Corporation's Student Loan Marketplace.

SPRINGFIELD, Ill. – Credit unions and banks are being invited to participate in an expanded program organized by the state Treasurer’s office which provides soldiers with low-cost loans after their service.

SANTA ROSA, Calif. – Redwood CU implemented a loan promotion campaign consisting of direct mail, print advertising, in-branch collateral, online marketing and word-of-mouth marketing through Creative Brand Communications of Portland, Ore.