Higher real estate prices lead to an uptick in the jumbo mortgage market, especially in California.
North Dakota's oil boom delivers unique financial challenges to the state's credit unions.
Homes in these East Coast markets remain for sale longer than 60 days after being listed, despite otherwise good economic conditions.
Gary Perez is upbeat about the future of private student loans.
As the latest round of quantitative easing (QE3) commences, this significant government investment will present many lending opportunities for credit unions. QE3 will drive investment in private businesses, boosting corporate profits, which will enable companies to finance expansion projects and invest in value-added business services, like consulting and leasing companies.
Montana’s economy is booming thanks to oil, but the Big Sky Country’s credit unions are still struggling to catch up.
Big Sky Country sees oil boom but ROAAs still below average, NCUA figures show.
After a net loss of $12.8 million in 2010, the $1.2 billion Kern Schools Federal Credit Union in Bakersfield, Calif., declared 2011 its best year for financial performance since 2007. The CU announced a net income of $22.4 million for 2011 and a net worth ratio that jumped from 4.31%...
The Federal Reserve Bank of New York is not convinced that a lack of credit access primarily contributed to the woes of small businesses since the 2007-2009 recession.
Contrary to conventional wisdom, as the nation moves through an extended housing downturn, a number of credit unions have found themselves faced with significant amounts of REO.