Mortgages

Maine Harvest Federal Credit Union, which will serve farmers and the food industry, opened this week and aims to make $12 million in loans over the next six years.

Delinquencies on indirect auto and home equity loans are trending up, while past-due rates on credit cards are declining, according to a recent report by the American Bankers Association.

The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.

Community banks will likely face questions about mortgage lending, deposit gathering and M&A during earnings calls.

Regulators should consider online lending and a list of what loans qualify for CRA credit in any revamp of the outdated law.

Allowing the mortgage giants to retain profits resolves a short-term capital shortfall, but how much capital they would need after exiting conservatorship is still the bigger question.

The ‘Unsinkable Cathy Bessant’; Thasunda Duckett’s rising star takes center stage; the challenges facing Wells Fargo chief Charles Scharf; Fannie, Freddie to retain $45B in capital; and more from this week’s most-read stories.

While 79% of mortgages nationwide were for primary residences, 92% of credit union mortgage loans fall into that category.

The company was the only no-show at the gathering of Facebook’s payments partners; HSBC was fined $650,000 for violating swaps risk management rules.

A new law authorizes municipalities in the nation’s largest state to charter their own financial institutions to reinvest public funds into the community.