Lending

Auto Financial Group (AFG), a provider of financing products for credit unions and banks, said its year-to-date growth figures show increasing momentum in new customer signings for AFG’s balloon lending and remarketing programs.

News that two suspected terrorists took out a loan with a prominent marketplace lender has fueled fears online lending could be more susceptible to terrorist financing.

Lenders and servicers weary from a raft of regulatory changes in recent years may see some respite in the next 12 months.

Indications of fraud ebbed when refinancing was more prevalent, but now that home purchases are picking up, misrepresentations could increase, too.

SAN ANTONIO, Tex. — Security Service FCU ranked No. 1 on a list of financial providers favored by auto dealers, making it the first credit union ever to take the top spot in this national survey.

Small business owners' optimism about the economy is dwindling, which casts a dark cloud over credit unions’ and banks’ competing lending efforts, according to a new survey conducted by Wells Fargo and Gallup.

Since consumers have been able to lock in historically low rates, the monthly payment on a 30-year fixed-rate mortgage has been within reach for most borrowers. That could change with a rise in interest rates.

CU Direct, provider of lending, automotive and strategic solutions to the credit union industry, on Wednesday announced partnership agreements with eight credit unions to implement the company’s Lending 360 Loan Origination System (LOS).

Five credit unions across the country have signed up to participate in HomeAdvantage to help bolster their mortgage programs.

Mountain America Credit Union partnered with Pavaso to implement a new digital collaborative closing process to provide a better experience to members applying for mortgages called QuickClose.