Lending

CU lobby emphasizes movement's commitment to keeping people in their homes but expresses concern about setting a 'dangerous precedent' with principal cuts.

Homefield Credit Union in North Grafton, Mass., will be able to offer first-time homebuyers assistance with down payments and closing costs for the second consecutive year through the Equity Builder Program with the Federal Home Loan Bank of Boston.

The House passed a bill late Monday to extend foreclosure relief for military service members through the end of next year.

CU Xpress Lease and CUNA Mutual Group will expand their collaboration into major auto leasing markets in Florida, California, New Jersey, New York, and Massachusetts, in an effort to help credit unions, auto dealers and members secure and safeguard more automobile leases.

Lifting the personal guarantee requirements in certain cases could open up some lucrative niche markets, according to one MBL expert.

Intuvo, a company that provides marketing automation software to the credit union industry, and a division of CU Direct, announced that it has entered into new partnership agreements with Royal Credit Union and La Capitol Federal Credit Union.

The agency's updated regulation gives credit unions new flexibility—a flexibility that a number of performance metrics suggest the industry can handle, according to the regulator's historic data.

Realtors Federal Credit Union, a division of $3 billion Northwest Federal Credit Union, has begun offering real estate escrow accounts after lobbying to expand the availability of such accounts.

NCUA released a new resource that helps credit unions to learn more about member business lending in the wake of new rule changes.

SAN ANTONIO — SWBC's Lending Solutions on Tuesday said it recently enhanced the integration of its LendingXpress Platform with MeridianLink's LoansPQ Consumer Lending Loan Origination System.