NEWPORT BEACH, Calif. — The NCUA is "very much in favor of indirect lending," according to Victoria Bennett, region V lending specialist, during a session on Balancing Risk with Rewards of Indirect Lending.
However, Bennett was quick to clarify at CU Direct's Lending Conference here, "We're just concerned that it's a well-run program." She noted a slight dip in the growth of indirect lending in the last quarter of 2010 but mostly it has been humming along.
She also noted a drop in delinquencies and charge-offs related to indirect lending, but Bennett put on her regulator's thinking cap. "How much is that influenced by modifications and [troubled debt restructuring]?" she pondered.
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