Credit Union Times | Accurate and Timely CU News

On-Site Coverage: CU Execs Say Loss Mitigation Key to Mortgages

By David Morrison

LAS VEGAS -- Two executives whose credit unions have been hit hardest by the mortgage crisis shared some of their wisdom about mortgage loss mitigation.

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On Site Coverage: Distressed Property Holding Back Mortgage Markets

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On-Site Coverage: Government Likely to Remain in Mortgage Market

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Lending Stories

September 15, 2010

Senate Passes Small Business Lending Bill Without MBL Hike

The Senate today passed a small business lending bill that includes a $30 billion fund to encourage community bank lending-but without a provision to raise the cap on member business loans from 12.25% to 27.5% of assets.

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September 14, 2010

Credit Cards Lead Anemic CU Loan Growth, NCUA Reports

Credit cards led the way in what was overall very weak credit union loan growth in the second quarter, according to data reported to the NCUA.

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September 14, 2010

SBA Says Katrina Helped Agency in Overhaul

After applying for an SBA disaster loan in October 2005, a New Orleans seafood processor damaged by Hurricane Katrina didn't get approved until May 2006 and didn't receive the funds until October 2006.

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September 14, 2010

80-Year-Old Iowa Grain Elevator Company Saved From Closure by CU

Iowa company Troy Elevator is familiar with starting a business during uncertain times, having gotten its start on the eve of the Great Depression

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September 14, 2010

Loan Participations Benefits, Drawbacks Focus of White Paper

Shared loan risks and the challenges of increased regulatory scrutiny are a few of the highlights of a new loan participation white paper.

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September 14, 2010

CU Trade Associations Turn Up Heat on Member Business Lending

After a last minute whirlwind of appeals to President Obama and Congress to consider legislation that would increase the member business lending cap, both CUNA and NAFCU are urging credit unions not to let up.

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September 14, 2010

Net Worth Pressure: Anemic Loan Demand Cries Out for a New Tack

Credit unions will need to focus on finding new members and improving their loan penetration to compensate for a long-term drought in loan demand, leading CU economists said.

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Lending

Top Lending Stories

On-Site Coverage: CU Execs Say Loss Mitigation Key to Mortgages

On Site Coverage: Distressed Property Holding Back Mortgage Markets

On-Site Coverage: Government Likely to Remain in Mortgage Market

Recommended Just For You

Lending Stories

Senate Passes Small Business Lending Bill Without MBL Hike

Credit Cards Lead Anemic CU Loan Growth, NCUA Reports

SBA Says Katrina Helped Agency in Overhaul

80-Year-Old Iowa Grain Elevator Company Saved From Closure by CU

Loan Participations Benefits, Drawbacks Focus of White Paper

CU Trade Associations Turn Up Heat on Member Business Lending

Net Worth Pressure: Anemic Loan Demand Cries Out for a New Tack