real estate values

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  No Money Down Mortgages Stage a Comeback

  By David Morrison  |  March 27, 2013

  Two credit unions, NASA Federal Credit Union and Navy Federal Credit Union, are offering members mortgages without requiring any down payment or mortgage insurance.

• Two Credit Unions Offering No Money Down Mortgages

  By David Morrison  |  March 14, 2013

  Navy Federal, NASA FCU have different philosophies, same approach to dealing with risk from mortgage loans with no down payments.

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  ALL In: Reserve Methodology Considerations Under FASB’s Current Proposal

  By Jim SImon  |  January 25, 2013

  The current conversation focused on “expected credit loss” provides a great opportunity for credit unions to begin evaluating their loan loss reserve methodologies.

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  Colorado: Economy on a Rocky Mountain High or Just Rocky?

  By Candice Reed  |  September 17, 2012

  Second-quarter NCUA stats show the Centennial State among the tops in the nation in 12-month asset growth.

• New Members Flock to CU HARP Mortgages

  By David Morrison  |  September 2, 2012

  Although many credit unions may not have realized it, the second version of the federal government’s Home Affordable Refinance Program is a more workable and beneficial for both borrowers and credit unions than its predecessor, according to housing finance executives at credit unions that have begun making the loans.

• Tower FCU: New Avenue for Mortgage Loans Through HARP 2.0

  By David Morrison  |  August 28, 2012

  Tower Federal Credit Union in Laurel, Md., handles $70 million in HARP loan applications since March, 70% of from members with loans with other lenders.

• 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.

• Hierarchy of Payments Fluid, Credit Bureau Says

  By David Morrison  |  April 1, 2012

  Payment data analysis by TransUnion, a national credit reporting bureau, demonstrates consumers’ shift in loan payment habits, making auto loans the first major bill that gets paid each month.

• Study Suggests Auto Loans Top Consumer Payment Priority

  By David Morrison  |  March 29, 2012

  First mortgages were king, then credit cards, now auto loans are top consumer payment priority, TransUnion Says.

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  David Kwant Marries Financials With Operational Finesse

  By Donald Shoultz  |  March 19, 2012

  Before David A. Kwant joined Mountain America Credit Union nearly 25 years ago, he was Utah’s supervisor of credit unions. So how does that experience help him as chief financial officer at the $3 billion West Jordan, Utah-based credit union?