Links in “Lending”
- Which Loan Docs Require Consumer’s Sig?
A breakdown of the loan documents that require consumer's signature. [9/5]
- Emerging Small Business Lending Factor: Social Media
Crop of new lenders take the social media presence of tech startups and small businesses when determining the risk of making the loan. [9/5]
- Credit Unions Show Increased Earnings in Q2
Increased fee income and reduced losses has resulted in a strong 2nd quarter for credit unions, which made $613 billion in loans during the quarter, an increase of almost $14 billion over the previous quarter. CU membership has also increased to 95.2 million. [8/30]
- Agencies Seek Comment on QRM
Out for comment is a key definition of âqualified residential mortgageâ (QRM) and what exempt securitizations for QRMs from risk retention will be allowed. Impact could be significant on covered lending products. [8/28]
- Breaking Down the Loan Origination Compensation Rule
How ready is your institution? AffirmX's Jane Pannier breaks down the Loan Originator Compensation Rule, scheduled to take effective 1/10/2014. [8/27]
- Indirect Lending May Not Be a Win/Win Situation
Although indirect lending may offer convenience to your members and access to more loans for your credit union, the downside may outweigh the benefits; this report suggests that indirect loans can be very costly to the CU, and only a small percentage of the new members gained through the indirect channel become long-term users of your CUâs services. [8/27]
- Indirect Lending Has Been a Win/Win for One Credit Union
As a response to the story above, Brad Hayes of Florida Community Credit Union of Florida reports that careful underwriting and strong dealer relationships and monitoring have made indirect lending a success story for his CU. [8/27]
- Strong Loan Growth Is Good News for Credit Unions
Loan growth at credit unions has outpaced share growth for the first time since 2008; based on loan performance for the first half of 2013, analysts project that CUs will originate over $1 billion in new loans this year. [8/27]
- EverBank Slammed with $43.3 Million in Servicing Fines
EB added to long list of Banks with servicing departments that have paid fines for mishandling of loan servicing on troubled loans. Penalties do not stop process and other actions remain in play. [8/26]
- NCUA Announces MBL Webinars for Small Credit Unions
NCUA will be hosting two free webinars designed to educate small credit unions about the benefits of offering small member business loans; registration on the NCUA website is open now for the Sept. 17 and 25 events. [8/22]
