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The Senate Finance Committee has been trying to assess the quality of the service that paid tax preparers provide. There has been concern among tax officials and lawmakers about the marketing of refund anticipation loans and the interest rates charged for these loans. There has also been some discussion about more strictly regulating paid preparers.

MIDWEST COMMERCIAL REAL ESTATE lenders in the early months of 2002 are steering a course toward expected loan volume gains for the year. Should 2002 loan volume eclipse last year's [...]

The many problem loan assets of the 1980s resulted in loan sales becoming a common practice. In this article, the author reviews the mechanics of a loan sale and explains what information should be available during a due diligence review. In addition, he reviews what a loan sale agreement should contain and why. (Reprinted by permission of the publisher.), The widespread failure of banks and thrifts in the 1980s contributed countless assets to the Federal Deposit Insurance Corporation and Resolution Trust Corporation for liquidation. The volume of assets needing [...]

The secondary marketing people are the gears that make a production operation work. They set the prices that get loans in the door. Secondary marketing was an often-overlooked aspect of [...]

Byline: ASHLEY RODRIGUEZ Be an American; buy a house. So says Quicken Loans, the Detroit-based lending firm, which is encouraging consumers to buck up and buy in a new ad [...]

Consumer groups have expressed concern that the new free electronic file system is creating opportunities for tax preparers to market high-interest refund anticipation loans. This, they claim, is greatly reducing benefits to low-income taxpayers.

Byline: Kate Berry By easing up on mortgage buyback requests, Fannie Mae and Freddie Mac just went a long way toward encouraging lenders to make more loans to borrowers with [...]

There are many ways CEOs would like to see their staffs exercise creativity. Engaging in off-the-cuff product development is not among them. The 'invent-a-product, invent-a-problem' syndrome is all too familiar [...]

The establishment of a secondary loan trading function is advantageous because of the many opportunities that await the enterprising bank such as added market intelligence and enhanced relationships with the many entities belonging to the financial sector. The clearcut benefits that this activity brings means that it will become even more popular in the future. Banks will, therefore, become more like investment companies.

Byline: Jackie Stewart A largely overlooked change at the Department of Housing and Urban Development could increase competition in mortgage lending by encouraging more banks to offer Federal Housing Administration [...]

Increasingly ag suppliers find it worth their while to add a lender's hat to their selection of headgear These days it seems like everybody wants to cut themselves a bigger […]

Byline: Alan Kline Southwest Bancorp Inc. in Stillwater, Okla., has sold off roughly $300 million of problem loans in a move its chief executive said is a major step toward [...]

Investor concern about the mortgage business has trickled to the leveraged loan market and made selling those loans harder, but the corporate loan market's quality remains solid, a Barclays Capital [...]

Guy Anker looks at loans that waive charges but charge higher rates Mortgage lenders have been criticised for trying to entice customers with fee-free mortgages but with higher rates on […]

Banco Popular North America agreed to sell $35 million of taxi medallion loans to Medallion Financial Corp. of New York. The deal, announced Thursday, is expected to close within a [...]

MOSS POINT, Miss. -- Nearly five months after Hurricane Katrina, Singing River FCU is heading into the New Year in pretty good shape, especially considering all it has been through. [...]

GE Consumer Finance is looking for a creative agency for its pounds 3 million Purple Loans brand. The business has previously created its ads in-house, but is planning a bigger [...]

As the good times continue to roll in commercial real estate, a liquidity squeeze may be the furthest thing from anyone's mind. But could it happen again? Probably not, but [...]

Community banks are more than holding their own in the face of heavier competition for small-business loans from large banks and even credit unions. Dozens of community banks reported record [...]

Mr. Braheem, chief executive officer of the Westlake Village, Calif.-based Loan ToolBox, has written an opinion piece on how he believes originators can sustain their business in any market environment. [...]

OVER the past couple of months, a number of lenders have introduced some better rates for very low loan-to-value cases. Halifax has introduced a 60 per cent LTV band on [...]

Constitution State Corporate and Georgia Central have created an online marketplace for credit unions seeking to buy or sell loan packages that is expected to go live in the next [...]

The annual percentage rate (APR) has become meaningless. It is supposed to show the total cost of borrowing by including any costs and fees incurred when arranging the loan within [...]

When you spend precious marketing dollars on a campaign to increase loans at your credit union, you rightfully expect a positive return on your investment. Meeting the loan goal may [...]

THE WINTER 2000 GOMEZ INTERNET Mortgage Scorecard [TM] ranked the top 20 Internet offerings from mortgage banks and brokers out of more than 300 online mortgage providers tracked by Gomez [...]

A look at community banks that are serving profitable niches in the realm of lending With the mortgage market continuing to become more competitive, some community banks are turning to [...]

The Credit Network, a mortgage credit reporting company, is regaining its old customer base with the completion of its new link to MortgageFlex Systems Inc., a Jacksonville, Fla., company specializing [...]

Companies like Integrated Loan Services here go a long way toward automating origination services, but one main thing stands in the way of making the process entirely paperless. That one [...]

An Internet site that offers real estate appraisals on properties throughout the U.S. has now launched a work center for appraisers and appraisal users. Appraisal.com's 'Internet Appraisal Infrastructure' (IAI) went [...]

VISTAinfo, a business to business e-commerce and information services company for the North American real estate industry, has launched e- risk.com, a website which provides information on nearby hazards and [...]

Lioninc.com here has created a new website (www.loansolve.com) directed at consumers seeking home equity and subprime loans. Associates Home Equity Services, a wholly owned subsidiary of Associates First Capital Corporation, [...]

When it comes to rate sheet delivery, some have switched to more technical systems but many in the origination industry are still using facsimile machines. So automation providers like AVT [...]

In the five years since PNC Mortgage shut down its wholesale production operation, the industry view on mortgage brokers has shifted. At that time, mortgage brokers reputations were reeling from [...]

A company that provides Internet-based correspondent services for lenders and brokers has teamed up with an interactive application service provider here to provide outsourced software hosting services. The latter company [...]

Loan brokers can have instant Internet access to wholesale lenders 'to 'shop the market' and 'commit to close' a loan - all in one easy, user- friendly process' through a [...]

Freddie Mac is making its automated underwriting system available to lenders for their retail operations later this year, letting them use a single version of the service for all their [...]

As reported previously in The Credit Union Journal, Fidata Corp. made a name for itself by providing perhaps the first credit union-specific on-line 'decisioning' engine for Web-based loan applications. But [...]

Should Credit Unions Be Attacking Payday Loans? WASHINGTON, D.C.-An observer of the accelerating credit union fight against payday lenders and title loan companies can't help but wonder, why are the [...]

While consumer loans seem to be attracting most of the attention in the online lending world, at least one company has focused substantial resources on Internet-based mortgage lending. Ed McWilliams, [...]

Everyone knows what HTML is. It stands for HyperText Markup Language and is the coding by which Web pages are created. Web page designers can use various HTML features to [...]

Here's a look at some of the more creative and effective steps credit unions have taken to promote lending. Editor's Note: the asset size and fields of membership (FOM) in [...]

David Levine's Ultraprise Corp. is moving to the Loudoun Tech Center at Dulles from Shepherdstown, West Virginia, on a short term basis. The company operates a business-to-business Web site for auctioning loans and mortgages., David Levine's foot is in the door of the Northern Virginia tech community, but he could still back out. Levine's Internet firm - Ultraprise -- is moving its headquarters and [...]

Dallas-based Lone Star Funds sold its 1.98 trillion won worth of non-performing loans at a loss in what analysts think is a schemed order to withdraw from the Korean market. Lone Star's attempt to sell its stake in Korea Exchange Bank is being hampered by investigations regarding stock price manipulation as well as other legal and tax issues.

Taxpayer Advocate Nina E. Olson admitted in a congessional investigation that she opposed elements of the IRS Free File Alliance initiative. She is concerned about the marketing of refund anticipation loans by the private sector companies who provide the websites used by taxpayers filing under the system.

GREAT SALES MANAGERS find the balance between activity measures and performance indicators. Activity measures track the number of times someone does an activity. Performance indicators are quantitative and measure how [...]

Unstable, short-term money markets are affected by changes in deregulation, mergers and acquisitions of banks, redeployment of assets, capital adequacy, and relationship banking. Loan sales are growing faster than domestic commercial paper (CP) and 'Euro' CP for short-term corporate financing. Banks dominated the 1987 market by selling $292 billion in commercial and industrial loans, which was 58% of the total and gaining another 10% of the market by selling 10% of the total CP. The growth of the CP market has caused a reduction in dealer commissions despite the large volume of notes that must be issued. The fledgling Euro CP market is estimated at $40 billion.