Marc Jacoby

Hollywood Credit Union Ending Interest-Only Mortgage Mods Under NCUA Pressure

By Jim Rubenstein | April 24, 2012

The $81 million Musicians’ Interguild in Hollywood, Calif., said it is winding down its interest-only modification loans because of NCUA pressure.
CEO Disputes Reg Treatment of Modified Mortgages

By Jim Rubenstein | October 17, 2011

The $83 million Musicians’ Interguild Credit Union of Hollywood, Calif., has a beef over how examiners treat modifications on interest-only loans and its CEO/Treasurer Marc Jacoby is outspoken on the topic.
Hollywood CEO Disputes Regulator Call on ‘Interest Only’ Treatment

By Jim Rubenstein | October 3, 2011

Claiming it is being made a scapegoat, a Hollywood, Calif. credit union, the $83 million Musicians’ Interguild, is wrangling with regulators this week over how to treat modifications on real estate loans written as interest-only and now deemed delinquent on Call Reports.

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