Credit unions

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.

Fountainhead Commercial Capital has created a program designed to allow banks and credit unions to outsource Small Business Administration 504 loans.

House Financial Services Committee Chairman Jeb Hensarling, R-Texas, announced a vote for Thursday of 11 bills aimed at lessening regulatory burden on banks by changing aspects of the Dodd-Frank Act and associated regulations.

As the real estate market rebounds in the Grand Canyon State's capital, one credit union here reports that a new mortgage program is attracting significant new lending business.

Sporting a black eye he got while playing basketball, CFPB Director Richard Cordray opened up to credit union executives about another dust-up — the decision to ease qualified mortgage restrictions for small and rural lenders.

It's a mortgage on top of a mortgage, and at least one lender is making these loans again through brokers.

Tewksbury FCU and CU Close have launched a new collaborative enterprise to help lenders and credit unions profit from combined volume and more efficient vendor management.

More than 300,000 South Floridians who lost their homes during the housing bust could be eligible to own again over the next eight years.

The Green Lender Award acknowledges a lender that uses technology to promote sustainable and environmentally conscious business practices in the mortgage industry. Learn about this year's finalists and see who won the 2014 MT Award.