Credit unions should tighten their mortgage lending standards to reduce risk in 2016, RealtyTrac’s VP says.
Foreclosures are now at their highest level since January 2013.
36-year president/CEO known for promoting the CU's model and movement worldwide.
Kaufman & Canoles lawyers highlight which areas will undergo significant changes this year.
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.