Fannie Mae has a new mortgage offering called HomeReady Mortgage, designed for creditworthy, low- to moderate-income borrower. It allows expanded eligibility for financing homes in designated low-income, minority, and disaster impacted communities.
LendKey, an online lending platform that connects borrowers with credit unions and banks, has secured up to $1 billion in financing from MidCap Financial, a specialty finance firm managed by a subsidiary of Apollo Global Management LLC.
CO-OP Financial Services is announcing a shareholder dividend pool of $29.2 million for 2014, bringing its total shareholder patronage amount to $314.1 million since CO-OP became a credit union-owned cooperative in 1996.
The U.S. Department of Labor’s proposed overtime rule would affect a substantial portion of credit union employees, particularly at smaller credit unions and those in rural or underserved areas, CUNA told the department Tuesday.