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Mortgage applicants find cozy home at some credit unions

Abrigo

Utilizing the Bank Information platform, Sageworks recently released a ranking of the top mortgage lending credit unions in the U.S. by geographic region , identifying the top 10 credit unions by mortgage loan volume for the Northeast, South, Midwest and South. Bruemmer, executive vice president for Landmark Credit Union.

Regional 186
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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

While our lending business has served Main Street small businesses for years, we knew that as our sellers and their communities were facing deep economic uncertainty, we could play a meaningful role in disbursing stimulus funds,ā€ said Jacqueline Reses , the head of Square Capital, in a statement. ā€œIā€™m

Capital 141
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Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief

PYMNTS

Each week, PYMNTS will round up some of the latest initiatives from governments, banks and FinTechs around the world to lend support for small businesses struggling as a result of the coronavirus. to help bailing out their SMB customers, with some regional financial institutions (FIs) already taking action. Fed Calls On Small Banks.

Payments 173
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Could Loophole Help Explain Rise in Credit Unions' Business Lending?

American Banker

A study commissioned by the Massachusetts Bankers Association found a correlation between a spike in credit unions with low-income designations and an increase in member business lending in the state.

Lending 31
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The Case For Localizing Mom-And-Pop Investment

PYMNTS

Exploring the importance of the small business through the lens of its immediate community is a critical component of promoting education among entrepreneurs. According to Mathews, MainVest aims to encourage local investors to invest in businesses of their own community. This is beneficial in more ways than one, he noted.

Capital 145
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Why this regional bank is dumping N.Y. multifamily loans

American Banker

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans.

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Pandemic: No Problem. And Messages From Our Financial Services Providers

Jeff For Banks

Ā© 2020 Massachusetts Mutual Life Insurance Company (MassMutual Ā® ), 1295 State Street, Springfield, MA 01111-0001. As the spread of coronavirus, known as COVID-19, continues to be a growing concern across the country, weā€™re taking extra precautions to protect you, our teammates and the communities we serve. All rights reserved.

ATM 78