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.
Financial technology think tank Best Innovation Group has partnered with credit union strategic consulting firm Kordeleski Consulting to complement its technology services with Kordeleski’s strategic insight.
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.