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CUNA Approves of NCUA TDR Proposal With Reservations

By David Morrison | March 6, 2012

In what CUNA Deputy General Counsel Mary Dunn acknowledged has become a somewhat rare occurrence, CUNA has commented in a largely approving manner on the NCUA's most recent proposal for how CUs should track troubled debt restructured loans.
TDR Tracking, Demanded by NCUA, Makes CUs Bristle

By David Morrison | October 30, 2011

Credit unions by and large have been seen as the good guys in the ongoing housing finance crisis. In general, more conservative underwriting prevented most credit unions from making the mortgage loans that were most likely to wind up delinquent.

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