NEW YORK–Some mortgage lenders are asking borrowers who are taking out mortgages to confirm they don’t intend to seek forbearance, a move meant to keep losses low during the coronavirus pandemic, according to a new report.
Fresh Today
ARLINGTON, Va.—New home sales continued to rise for the third straight month in July, up 13.9% from June's revised rate of 791,000 annualized units to 901,000 units – the highest level since 2006. In addition, compared to a year ago, sales were up 36.3%.
RICHMOND, Ind.–Through a special program, Natco Credit Union is reporting it has been able to forgive $18,737 in interest on 50 loans held by members who have been hardest hit by the pandemic due to loss of income.
ALBUQUERQUE, N.M.––The $855-million Kirtland FCU has named a new president/CEO.
RANCHO CUCAMONGA, Calif. – Personal finance journalist Jean Chatzky, a “fierce advocate for financial literacy,” will lead attendees of a CO-OP THINK Master Class, “Designing Your Financial Wellness Ecosystem,” on Sept. 17.
SANTA CRUZ, Calif.–President Trump has issued a major disaster declaration for residents of the California counties of Lake, Napa, San Mateo, Santa Cruz, Solano, Sonoma and Yolo as the state battles to get wildfires under control.
WASHINGTON—The Small Business Administration (SBA) has issued an interim final rule (IFR) it said provides additional guidance concerning the ownership percentage of a borrower that triggers the applicability of the owner compensation rule for Paycheck Protection Program (PPP).
WASHINGTON—The Consumer Financial Protection Bureau has issued a request for information (RFI) to examine the impact of the rules that implement the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act Rules).
HOUSTON—Credit unions using eCU Technology's ORIGINS Suite, which offers mobile-first membership, consumer loan and business deposit applications, experienced a significant increase in both loan and membership applications from March-April 2020, the company is reporting.
TAMPA, Fla.–Credit unions should act now to breathe new life into and build additional revenues from their card portfolios during 2021. Not only are their proven strategies for doing so, but other competing card issuers will be acting, CUs were told during a webinar hosted by Trellance.