Credit Union Times | Accurate and Timely CU News

AFCU Takes "Real Housewives" Star to Court

By Heather Anderson

Reality TV star Simon Barney, who stars along with wife Tamra in the Bravo show The Real Housewives of Orange County, is being sued by the $627 million American First Credit Union to recover against a delinquent exotic car loan.

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RV's Included in 'Invest in America' Discounts Sept. 1

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CUNA Mutual Stresses Limited Nature of Fed Bank Action

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Lending Stories

August 23, 2009

Ratings Downgrade Led in Part to FHLBB Move

Standard and Poor's July 29 downgrade of CUNA Mutual Group Mortgage Insurance Company led in part to the Federal Home Loan Bank of Boston's decision to stop buying mortgages that have their primary insurance with CMG MI.

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August 20, 2009

FHLB Boston Won't Purchase CMG Insured Mortgages

Effective October 19, the Federal Home Loan Bank of Boston will no longer purchase mortgages with primary mortgage insurance provided by mortgage insurer CMG Mortgage Insurance.

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August 20, 2009

On-Site Coverage: Mortgage Expert Urges CUs to be Aggressive in Tapping Market

BOSTON -- Just trying to survive and hoping for the best aren't strategies for getting a bigger share of the mortgage market, instead credit unions should develop detailed strategies.

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August 20, 2009

More Proof Commercial Mortgage Defaults Continue to Rise

By the fourth quarter, commercial mortgage defaults from banks could soar past levels not seen in nearly 20 years, according to the FDIC.

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August 19, 2009

On-Site: Hyland Says MBL Increase Should Be Gradual

BOSTON -- Saying credit unions should crawl before they walk, NCUA Board Member Gigi Hyland said today that Congress ought to consider raising the cap on member business loans in stages for safety and soundness reasons.

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August 19, 2009

SBA Woos Micro Lenders With More Recovery Funds

The SBA is courting credit unions and other lenders to use its expanded micro loan program now that an additional $50 million has been made available under the American Recovery and Reinvestment Act.

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August 19, 2009

Mass. CUs Join Business Lending CUSO

The $167 million Southbridge Credit Union and the $83 million Cambridge Portuguese Credit Union are the latest to partner with Northeast CUSO, a business lending entity.

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Lending

Top Lending Stories

AFCU Takes "Real Housewives" Star to Court

RV's Included in 'Invest in America' Discounts Sept. 1

CUNA Mutual Stresses Limited Nature of Fed Bank Action

Recommended Just For You

Lending Stories

Ratings Downgrade Led in Part to FHLBB Move

FHLB Boston Won&#039;t Purchase CMG Insured Mortgages

On-Site Coverage: Mortgage Expert Urges CUs to be Aggressive in Tapping Market

More Proof Commercial Mortgage Defaults Continue to Rise

On-Site: Hyland Says MBL Increase Should Be Gradual

SBA Woos Micro Lenders With More Recovery Funds

Mass. CUs Join Business Lending CUSO

FHLB Boston Won't Purchase CMG Insured Mortgages