Credit Union Times | Accurate and Timely CU News

Fannie Mae Posts $23.2 billion Loss

By Claude R. Marx

The continuing problems of the economy in general and the housing market in particular have again taken their toll on Fannie Mae, which reported a $23.2 billion loss for the first quarter.

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MEMBERS Trust, Teachers FCU Form Reverse Mortgage Alliance

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CUs Fill Chrysler Financial Void With Reinstated Incentives

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May 06, 2009

West Texas Credit Union's Capital Well Dries Up

The $84 million West Texas Credit Union reported approximately 12% net worth as recently as September 2008. However, it has taken a beating somewhere on the balance sheet each quarter since, leaving it with only 0.12% net worth as of March 31.

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May 03, 2009

Bank Loan Throwaways Not up to Snuff for Some Credit Unions

Every now and then, Centennial Lending LLC will spot a gem but lately, the business and mortgage lending CUSO has had to turn down many shoddy loans previously serviced by banks.

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April 29, 2009

Chrysler Bankruptcy Makes CUs More Relevant, Says Adams

After the announcement that Chrysler will file for bankruptcy and has entered into an agreement with Fiat, CUcorp CEO David Adams said these events make credit unions even more important to automakers and consumers.

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April 29, 2009

White House Announces Chrysler Bankruptcy

President Obama announced this afternoon that Chrysler will seek bankruptcy and enter an alliance with Fiat.

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April 28, 2009

Georgia CU 2008 Loan Activity on Par with 2007

Loans issued by Georgia's credit unions totaled $4.0 billion in 2008, nearly identical to the $4.1 billion distributed in 2007, according to a new report from the Georgia Credit Union Affiliates.

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April 23, 2009

Source of $10 Billion CU Liquidity Loans Still Unknown

While there continues to be speculation on the recipient of $10 billion in liquidity loans to two "problem" credit unions, NCUA is standing firm saying it never reveals who receives such loans.

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April 22, 2009

Durbin Says Bankruptcy Provision Could Be Voted On Next Week

Senate Majority Whip Richard Durbin said today that a vote on a measure to allow bankruptcy judges to rewrite the terms of mortgages "could come as early as next week."

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Lending

Top Lending Stories

Fannie Mae Posts $23.2 billion Loss

MEMBERS Trust, Teachers FCU Form Reverse Mortgage Alliance

CUs Fill Chrysler Financial Void With Reinstated Incentives

Recommended Just For You

Lending Stories

West Texas Credit Union's Capital Well Dries Up

Bank Loan Throwaways Not up to Snuff for Some Credit Unions

Chrysler Bankruptcy Makes CUs More Relevant, Says Adams

White House Announces Chrysler Bankruptcy

Georgia CU 2008 Loan Activity on Par with 2007

Source of $10 Billion CU Liquidity Loans Still Unknown

Durbin Says Bankruptcy Provision Could Be Voted On Next Week