Inspector General report says loan losses, investment concentrations doomed liquidated CU.
A real estate analytic and forecasting firm is sticking by its predictions for a significantly smaller mortgage and real estate market in 2011 over 2010.
Kinecta FCU jumps into Orange County mortgage market with new processing center.
A real estate analytic firm is sticking by its predictions for a smaller mortgage and real estate market in 2011.
Even as the housing markets in many areas struggle and decline in the face of ongoing high unemployment, some credit unions have continued to offer mortgages for some of the biggest residential sales.
City County Credit Union has named Executive Vice President/Chief Operations Officer Lloyd Gill as its new president/CEO.
This year will go down as the one in which the real estate and mortgage markets in many areas moved from a sense of crisis to one where credit unions began to find a little bit of stability.
RealtyTrac, a leading online real estate firm specializing in foreclosed properties, reported that homes in some stage of foreclosure made up 25% of real estate purchases in the third quarter of 2010.
The $341 million Consumers Credit Union, headquartered in Kalamazoo, Mich., has become the latest CU to start offering its members mortgages insured by the Federal Housing Administration.
The ongoing tangle that has become the foreclosure process in many parts of the country moved in two directions last week, each of which could impact credit unions.