Credit Union Times | Accurate and Timely CU News

CUs Should Seek Alternative Capital, Attorney Says

By Staff Writer

WASHINGTON -- Credit unions declined to comment on the immediate effect of the financial rescue plan signed into law lastFriday. But one attorney suggests that CUs look for alternative sources of capital and to Europe for new loan products.

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HUD, Realtors Launch FHA Tool Kit for Homebuyers

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Fannie Mae Cancels Increase in Adverse Market Delivery Charge

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Lending Stories

October 03, 2008

30-Year Fixed Rate Mortgage Rate Down from One Year Ago

WASHINGTON -- Freddie Mac yesterday released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage averaged 6.10% with an average 0.6 point for the week ending Oct. 2, 2008, up from last week when it averaged 6.09%. Last year at this time, the 30-year FRM...

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October 03, 2008

80% of Delinquent Homeowners Are Not on Track for Loss Mitigation

New York -- Industry measures to keep homeowners out of foreclosure have slipped, according to a report issued by a group of state attorneys general and state banking regulators.

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October 02, 2008

Ad Campaign Leads to $17M in Mortgage Loans

WAYNESBORO, Va. -- DuPont Community Credit Union just concluded a four-month ad campaign that increased its net mortgage loans by 72%.

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October 02, 2008

Ad Campaign Leads to $17M in Mortgage Loans

WAYNESBORO, Va. -- DuPont Community Credit Union just concluded a four-month ad campaign that increased its net mortgage loans by 72%.

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October 02, 2008

Discover Finds Business Confidence Dropping

RIVERWOODS, Ill. -- Discover Financial Services' small business watch survey has found that business confidence dropped sharply from August to September.

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October 01, 2008

S&P Puts WesCorp and Members United On CreditWatch Negative

NEW YORK -- Standard & Poor's released its corporate credit union rating review that delivered bad news to Western Corporate FCU and Members United Corporate FCU, placing both institutions on CreditWatch negative.

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October 01, 2008

Iowa CUs Co-Sponsor SBA Flood Recovery Meeting

DENISON, Iowa -- Three Iowa credit unions are among the sponsors of the Chamber and Development Council of Crawford County's upcoming meeting that will feature a presentation on the Small Business Administration's role in the state's flood recovery efforts.

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Lending

Top Lending Stories

CUs Should Seek Alternative Capital, Attorney Says

HUD, Realtors Launch FHA Tool Kit for Homebuyers

Fannie Mae Cancels Increase in Adverse Market Delivery Charge

Recommended Just For You

Lending Stories

30-Year Fixed Rate Mortgage Rate Down from One Year Ago

80% of Delinquent Homeowners Are Not on Track for Loss Mitigation

Ad Campaign Leads to $17M in Mortgage Loans

Ad Campaign Leads to $17M in Mortgage Loans

Discover Finds Business Confidence Dropping

S&P Puts WesCorp and Members United On CreditWatch Negative

Iowa CUs Co-Sponsor SBA Flood Recovery Meeting