Lending

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.

CRIF Lending in Atlanta has bought the Credit Union Auto Loan Network in Linthicum, Md.

LendKey, which manages online lending programs for small banks and credit unions, has named Salil Mehta to senior vice president of credit risk and analytics.

National Association of Realtors survey finds less than 30% of lenders willing to show closing document to Realtors as CFPB's new closing document put lenders on hook for accuracy.

During the fourth quarter of 2015, U.S. auto loans carried longer terms, while average monthly payments rose, and a larger percentage of loans went to less creditworthy borrowers, according to a new report from Experian Automotive.

‘Beige Book’ reports moderate, albeit inconsistent, loan demand as financial markets continue to be concerned about fallout from sustained low commodity prices and strong dollar.

Understanding how consumers pay their debts over time is expected to widen access to credit for consumers recovering from financial problems or who were hard to score before. Just how many it will benefit is an open debate.

DES MOINES--Cornerstone Community Credit Union has partnered with online marketplace lender LendingPoint to provide loan products for its members that struggle to qualify for traditional financing.

National Credit Union Administration board members want to make it easier for CUs to lend their members.

Bank of America launches a 3% down payment home loan in partnership with Freddie Mac, but the bank won’t retain any risk if the loans default. That’s because it will immediately will sell the loans and servicing rights to Self-Help Federal Credit Union.

Shoppers who finance the purchase of cars, furniture and home improvements are protected under a decades-old federal regulation. Now consumer groups are urging the FTC to update its rule and consider offering the same protections to victims of home-mortgage or auto-leasing scams.

The mismatch between demand for new homes and the supply threatens to drive up prices and dampen lending.

Whitefish Credit Union business lending office announces four moves, Pennsylvania CU Foundation board news and more.