Credit unions in Michigan and Ohio partner with government agencies providing assistance to homeowners struggling to pay their mortgages.
Agreement with CFPB also calls for company to provide $2 billion in principal reduction to underwater borrowers.
A CUSO created to help a credit union manage foreclosed property has begun to play a role in a city’s economic redevelopment.
Minnesota CUSO says correspondent and retail lending both showing payback improvements.
When the Center for Financial Health in Michigan started, the staff spent 80% of their time assisting people facing foreclosures.
Lengthy foreclosure process still a drag in some markets, online tracking firm says.
In the thick of the economic meltdown that ravaged the housing market a few years ago, churches in some communities were among those that felt the bruises of foreclosures more than other properties.
"Ax Men" loggers site shut down after Wisconsin Woodchuck LLC hit by $843,000 credit union foreclosure.
California credit union enters another round in legal battle with Without Walls International Church in Lakeland, Fla.
Foreclosure figures released in a report Wednesday from the Federal Housing Finance Agency indicates the housing market is on the road to recovery.