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WASHINGTON—The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2016 shows mortgage applications for new home purchases increased by 17% relative to the previous month.

WASHINGTON–Mortgage applications increased 10% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 8, 2016.

ELGIN, Ill. – Lending Solutions Consulting (LSCI) announced that it has two University of Lending schools taught by Rex Johnson coming up in May and June.

TALLAHASSEE, Fla.–United Solutions Company (USC), a technology CUSO hosting core processing and other tech services for credit unions, announced that three credit unions have signed a contract to convert to the OnCore XP2 core processing system.

ALEXANDRIA, Va.–Low-income credit unions seeking support to grow, train staff and improve security should consider applying for Community Development Revolving Loan Fund assistance grants from the National Credit Union Administration, according to the agency.

DES MOINIES, Iowa–Fraud detection and prevention strategies executed by payments processor TMG saved its financial institution clients more than $40 million in potential fraud losses in 2015, according to the company. 

WASHINGTON—In a comment letter to NCUA on the operating fee schedule methodology and overhead transfer rate, CUNA suggests the agency is attributing too many activities to “insurance-related costs” and suggests an alternate model for the OTR.

ARLINGTON, Va.—In comment letters, NAFCU President and CEO Dan Berger urged NCUA to be fully transparent about the methodologies behind its operating fees and the overhead transfer rate (OTR), and further urged that the agency board take back oversight of both mechanisms.

ARLINGTON –The methodology for NCUA’s overhead transfer rate (OTR) is “severely flawed,” not to mention “arbitrary, capricious, and inequitable to federally insured, state chartered credit unions,” according to a comment letter sent to the agency by the National Association of State Credit Union Supervisors.

BIRMINGHAM, Ala.–A lawsuit filed by former employees of the now conserved Alabama One Credit Union now also involves one of the biggest alleged scandals: an affair between Gov. Robert Bentley and Rebekah Caldwell Masson, who worked as his aide.