Items Tagged with 'mortgages'

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‘We’re big into mortgages and Carter’s big into homes.’

Mortgages that fall into the high-cost or higher-priced category have certain restrictions and requirements, so it’s important to understand what they are.

In mid-January, the CFPB opened the floodgates, and mortgage lending rules began gushing out.

Credit unions expect modest loan growth this year as the economy improves.

Asset quality remains high despite increases in nonprime auto loans.

Credit union savings balances grew 0.2% in May compared to a 0.6% decrease in April.

CU loans outstanding grew 0.4% during April, led by adjustable-rate mortgages, unsecured personal loans, and used auto loans, according to CUNA’s economics and statistics department.

CU assets pass the $1 trillion mark for the first time. JP Morgan Chase Bank, in comparison, has $1.8 trillion in assets.

Adjustable-rate mortgages lead loan growth at 0.7%, followed by fixed-rate mortgages, which grew 0.4%.

CU loans outstanding decreased 0.2% during January 2012 compared to a 0.4% increase in December 2011.