Credit unions

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?

The window for moving financial services regulatory relief through Congress is rapidly closing, but there appears to be little hope that the partisan tensions that have stalled the process will ease in time.

Credit unions are no longer the tiny cooperatives they were a generation ago.

Credit union loan balances grew at an 11% annualized pace in June, while loan delinquency rates fell, according to the latest Credit Union Trends Report from CUNA Mutual Group.

United Wholesale Mortgage has begun offering interest-only mortgages through its third party origination channels.

The House passed a bill Tuesday that could ease the regulatory burden on community and regional banks with mortgage servicing businesses.

Nonbank lender HomeBridge Financial Services has lifted the curtain on a new mortgage platform aimed at community banks and credit unions.

Radian Guaranty has added two national account managers and an inside sales account management team to work strictly with its credit union customers, their members and their trade associations.

U.S. Bank and Bank of America won't have to face lawsuits claiming they failed to safeguard the interests of investors as required by their contracts.

Banks and mortgage firms representing 70% of the New York market will adopt a set of best practices to combat the "zombie properties" afflicting communities throughout the state, New York Gov. Andrew Cuomo announced Monday.

Two House Financial Services Committee members introduced a bipartisan bill late last week that is designed to give lenders breathing room when new disclosure rules go into effect on Aug. 1.

WASHINGTON — Federal banking regulators are putting pressure on a dozen or more states to begin regulating appraisal management companies within their borders.

The House approved eight regulatory relief bills Tuesday evening, including two controversial measures opposed by a number of Democratic lawmakers and the White House.

CUNA and NAFCU each submitted comment letters to the Consumer Financial Protection Bureau regarding 2013 Regulation X (RESPA) and Regulation Z (TILA) mortgage servicing rules, urging the CFPB to adopt several changes and clarifications.

The House is slated to vote on a host of regulatory relief bills next week when Congress returns from its spring break.

In less than four months, mortgage providers across the nation must be ready to meet new disclosure requirements.

The Topeka FHLB's plan to allow participations in newly issued mortgage pools may benefit members institutions and the bank itself — and could soon be imitated by other Home Loan Banks.

When it comes to millennials, the $64,000 question is when will this generation be ready to start buying their first homes?

Credit unions as a whole will continue to grow their share of the mortgage market in 2015 and into 2016, say industry experts.

Navy Federal Credit Union closed over $1 billion worth of mortgages in March, and $2.5 billion year-to-date.