Lending

TAMPA, Fla. – Suncoast Schools FCU is the latest credit union to offer private student loans through the Washington, D.C.-based Credit Union Student Choice.

ALEXANDRIA, Va. & Tukwila, Wash. – Pentagon FCU announced yesterday it has joined with Prime Alliance Solutions, the provider of mortgage solutions for credit unions, to charter a national title insurer, a first for credit unions.

LOS ANGELES – Farmers Insurance Group FCU has filed suit in Oregon seeking to foreclose on a $4 million loan on a commercial property, the latest California credit union being hurt by exposure to out-of-state member business loans.

SAN DIEGO – Mission FCU has been added as a participating servicer to the Treasury’s modification incentive program under the Troubled Asset Relief Program, bringing to four the number of credit unions among the 34 participants in the program.

CHARLESTON, S.C. – Heritage Trust FCU has contributed $100,000 to a new loan pool to help developers finance affordable housing projects.

MINNEAPOLIS – A federal court denied a motion by credit bureaus Experian, TransUnion and VantageScore to dismiss a trademark infringement case brought by Fair Isaac & Co., setting the stage for a trial between the competing consumer credit scores.

MINNEAPOLIS – A federal court denied a motion by credit bureaus Experian, TransUnion and VantageScore to dismiss a trademark infringement case brought by Fair Isaac & Co., setting the stage for a trial between the competing consumer credit scores.

CHATSWORTH, Calif. – Telesis Community CU, which operates one of the largest member business loan portfolios in the country, filed default notices last week on loans originally made for $29 million for two historic Portland, Ore., buildings.

PENSACOLA, Fla. – A local developer closed a loan deal Friday with two local credit unions and a Tampa bank for $38 million to build a 206-room Holiday Inn on Pensacola Beach.

RALEIGH, N.C. — Bad economic conditions statewide are leaving more members here vulnerable to foreclosure, but State Employees' Credit Union is taking action to keep them in their homes with its new Mortgage Assistance Program.

NATIONAL HARBOR, Md. – While consumers’ credit scores may be falling, and the amount of risk associated with even the higher scores has increased, the way those scores work continues to perform well.

HARTFORD, Conn. – Gov. Jodi Rell yesterday signed the state’s credit union student loan bill into law, creating a partially guaranteed low-rate loan for the state’s college students.

McLEAN, Va. – Long-term home loan rates moved higher this week, after declining the previous three weeks, according to Freddie Mac.

WASHINGTON – Freddie Mac, run under conservatorship by the government since last September, announced yesterday it has hired Charles Haldeman Jr., a former chief executive at mutual fund giant Putnam Investments, as its new CEO.

WASHINGTON – The Treasury Department added two more mortgage servicers to its qualified list of participants in its Home Affordable Modification Program, or HAMP.

WASHINGTON-Credit unions continue to sell increasing portions of their home loans as interest rates fall to decade-lows.

RICHMOND, Va. — Gov. Tim Kaine unveiled a new payday loan program exclusively offered by Virginia CU, originally the state employees' CU.

DENVER-One company has introduced a new solution designed to better manage various portfolios, while also assisting in the buying and selling of loan participations.

MADISON, Wis. — As quickly as it started, the refinance boom may soon be over.