real estate foreclosures

• NCUA Warns Of Loan Risks In Year Ahead

  By Claude R. Marx  |  January 5, 2012

  Letter from Chairman Matz says industry is "turning corner" but that troubling trends remain.

• More Property Headed into Foreclosure, Firm Says

  By David Morrison  |  October 13, 2011

  RealtyTrac said initial default notices up 14% in second quarter vs. first.

• Processing Slows Foreclosures

  March 23, 2011

  RealtyTrac, a leading source of data about U.S. real estate foreclosures, has reported the numbers of properties in some stage of foreclosure dropped significantly in February, but not because the foreclosure problem is lessening.

• NCUA Data Shows Lending is Flat and Member Bankruptcies Have Risen

  December 8, 2010

  Net income and net worth increased at federally insured credit unions during the third quarter, but overall lending was flat and the rate of member bankruptcies increased over last year, according to data released last week by the NCUA.

• NAFCU Report Says CUs Holding Steady but Fearful of New Regulations

  By Claude R. Marx  |  December 1, 2010

  Increased NCUA assessments coupled with more deposits and slower loan growth have put considerable strain on credit unions and they fear the impact of higher regulations, according to a report NAFCU presented to the Federal Reserve Board today.

• Bay Gulf Credit Union of Tampa Shuns Merger Talk

  May 26, 2010

  One of Florida's ailing credit unions, the $140 million Bay Gulf CU of Tampa, insisted it is on a path to financial recovery.

• Eastern Financial Florida Becomes Relic

  By Michelle A. Samaad  |  May 12, 2010

  Eleven years after the now-defunct Eastern Airlines first flew the skies from its Miami-based hub, a credit union chartered to serve the carrier's employees made its debut.

• Ailing Bay Gulf CU Determined to Ride Out Losses

  By Jim Rubenstein  |  May 4, 2010

  Operating under a state cease and desist order to restore capital, the president/CEO of Bay Gulf CU said his CU remains "open to merger opportunities " but is determined-and has regulator backing-to ride out loan loss problems in the interim.