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WASHINGTON–Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $493 on each loan they originated in the fourth quarter of 2015, down from a reported gain of $1,238 per loan in the third quarter of 2015, according to a new report from the Mortgage Bankers Association (MBA).

WASHINGTON–Mortgage rates moved higher for the third week in row.

WASHINGTON–The FDIC’s Inspector General has charged the agency’s staff members with having an “abusive” supervisory attitude that forced banks into no longer making loans based on consumers’ tax refund checks.

ALEXANDRIA, Va.—The NCUA will vote on finalizing its proposal on bank notes at its open board meeting this week.

MANCHESTER, N.H. – Teens at the Boys & Girls Club of Manchester are learning the importance of budgeting and career exploration through the CU 4 Reality Financial Literacy Program.  

ALEXANDRIA, Va. – Median growth rates for loans, assets, and shares and deposits at federally insured credit unions were positive in all states in 2015, according to state-level data compiled by NCUA.

BROOKFIELD, Wis.–Fiserv announced that more than 20 banks and credit unions chose Corillian Online ASP during the past six months.

GRAND RAPIDS, MIch.–Xtend announced that it recently provided inbound call center support for members of three credit unions during their core data processing conversions.

In their planning for 2016 and beyond, many CUs are not supporting their strategy with their leadership development efforts. 

AN ANTONIO – SWBC, an international financial services company providing a wide range of insurance, mortgage and investment services to individuals, business and financial institutions, today announced that its financial institution group has promoted Jason O’Brien to senior vice president of payments.