Credit Union Times | Accurate and Timely CU News

Mortgage Initiative Not Likely to Impact Many CUs, Industry Says

By David Morrison

Credit unions already working the U.S. Government's Home Affordable Modification Program will likely face additional paperwork from proposed program changes, but will lack the volume of loans for those changes to have much of an impact.

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First CU Kicks Off $50 Million Loan Blitz

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New Orleans CU Rolls Out Payday Alternative

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November 24, 2009

Defrauded CUs May Face NCUA Action

Credit unions with mortgage loans that were fraudulently sold by a since failed mortgage firm face possible dire regulatory consequences if Fannie Mae does not return a significant amount of their lost money, suggested NCUA Board Chairman Debbie Matz.

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November 24, 2009

Matz Urges Administration to Support Lifting MBL Cap

Saying that "lending limits should be regulatory, not statutory," NCUA Chairman Debbie Matz wrote a senior Treasury Department official to raise or eliminate the statutory limit on member business loans.

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November 24, 2009

CUs Have Rough Third Quarter, With Some Glimmers of Hope

Credit unions reported increased delinquencies and charge-offs and modest returns on average assets but also saw increases in assets and shares, according to data released today by the NCUA.

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November 24, 2009

GE Capital Fleet, CUDL to Help CUs With Repossessed Assets

To help credit unions remarket their repossessed assets, auto lending CUSO CUDL and GE Capital Fleet Services have inked a deal to make it happen.

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November 24, 2009

Goldman Sachs Program Includes CDFIs

In yet another move to give small businesses more tools to help turn the economy around, Goldman Sachs Group Inc. has launched a $500 million initiative that could include credit unions.

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November 24, 2009

SBA Expands Training For Disabled Vets

The SBA has signed a three-year agreement to expand and deliver entrepreneurship training for service-disabled veterans of the wars in Iraq and Afghanistan.

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November 24, 2009

Reverse Mortgages Offer CUs a Strong Alternative for Boomers

The economic downturn has hit a lot of boomer credit union members especially hard in their retirement accounts, but executives familiar with reverse mortgages say the product can be a useful tool to help those members salvage retirement plans.

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Lending

Top Lending Stories

Mortgage Initiative Not Likely to Impact Many CUs, Industry Says

First CU Kicks Off $50 Million Loan Blitz

New Orleans CU Rolls Out Payday Alternative

Recommended Just For You

Lending Stories

Defrauded CUs May Face NCUA Action

Matz Urges Administration to Support Lifting MBL Cap

CUs Have Rough Third Quarter, With Some Glimmers of Hope

GE Capital Fleet, CUDL to Help CUs With Repossessed Assets

Goldman Sachs Program Includes CDFIs

SBA Expands Training For Disabled Vets

Reverse Mortgages Offer CUs a Strong Alternative for Boomers