Lending

The National Credit Union Administration will host a webinar on auto lending next month.

The financial condition of the Federal Housing Administration’s mortgage insurance fund has improved “significantly” over the past year, Department of Housing and Urban Development Secretary Julian Castro predicted late Monday.

Online auto-buying resource GrooveCar has formed partnerships with four credit unions across the U.S.

CU Direct announced that eight new credit unions have joined the company’s “Lending Insights” platform, a system that provides credit unions with analytic tools to manage risk, meet regulatory requirements, increase profitability, and optimize loan portfolio performance.

The government's spotlight on servicing problems means companies should be taking steps now in the face of regulators' current enforcement authority and the potential of coming rules.

Mortgage servicers have gotten a rare reprieve from the Federal Housing Administration.

Next year Fannie will require that mortgage lenders use so-called trended credit data for all mortgage borrowers, a move it says could broaden access to credit.

Rule would add datasets to the information lenders report to regulators under the Home Mortgage Disclosure Act.

The auto lending front continues to improve for credit unions, as car loans comprised 32.9% of total outstanding balances in the second quarter of the year.

Should credit unions step into a giant breach gradually being vacated by the big banks, or is the bank pull-out a sign that CUs should do the same?