Credit Union Times | Accurate and Timely CU News

Overall Foreclosure Activity Drops In October, But Still High

By David Morrison

The numbers of properties in some part of the foreclosure process dropped by 4% nationwide in October but still remain at the level they held in October 2009, according to RealtyTrac.

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Ensign FCU CEO Had Early Fears with Business Lending CUSO

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New Massachusetts Law Lifts Deposit Cap

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November 09, 2010

Inspector General Takes Treasury to Task

Neal Barofsky, the special inspector general for the troubled asset relief program, has written a highly critical evaluation of the U.S. Treasury's administration of efforts meant to help home owners remain in their homes.

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November 09, 2010

FICO Article and Scores Flop

I started reading the Focus Report [Oct. 13 issue] guest opinion article entitled "How to Use the Best Predictive Tools to Revive Mortgage Lending" by Joanne

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November 09, 2010

Another CU Opts to Start Offering FHA-Backed Mortgages

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.

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November 09, 2010

New CUSO Gathers Teammates to Tackle Lending Crunch

When practice fields across the land filled in August with players prepping for the upcoming new school year, a lending CUSO had already hit the field with a team of its own.

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November 09, 2010

Telesis-Financed Mall Files for Bankruptcy

A year after Telesis Community Credit Union filed a breach of contract claim against an Orlando shopping center, the owners of the property have filed a Chapter 11 bankruptcy petition.

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November 09, 2010

CUDL in Pact With PAR

Credit Union Direct Lending, an indirect and point-of-purchase auto lending solutions CUSO, has entered into an agreement with PAR North America to help credit unions advance their vehicle recovery efforts and processes.

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November 09, 2010