Tim Segerson, deputy director in the NCUA’s Office of Examination and Insurance, told executives attending the American Credit Union Mortgage Association conference in Las Vegas Sept. 25 the agency continues to explore how credit unions can mitigate real estate loan risk.
Solution to come from use of many options, Segerson suggests.
The $24 million Craftsman CU is the NCUA's 12th credit union liquidation of 2013.
Deposit growth and new loans have helped Alabama Telco Credit Union start the first half of 2013 on strong footing.
A housing finance reform bill unveiled by House Republicans July 11 would wind down Fannie Mae and Freddie Mac and also contains a number of regulatory relief provisions, including tweaks to the CFPB’s qualified mortgage rule and exam reform.
Purchase brings to 32 number of branches in Houston area for $2 billion Lake Jackson, Texas, credit union.
Credit union continuing to grow commercial loan business.
Personnel moves follow growth doubling in 2012 and continuing in 2013 for Michigan Business Connection LLC.
Credit unions facing a lack of available and affordable mortgage loan professionals should not look for the staffing challenge to ease anytime soon, according to housing finance executives and consultants.
Quarterly report cites improving economic conditions, "meek lending environment."