Credit Union Times | Accurate and Timely CU News

Dupaco Community CU Ranked No. 1 As FirstHome Lender in Eastern Iowa

By Staff Writer

DUBUQUE, Iowa -- Dupaco Community Credit Union was recognized by the Iowa Finance Authority as the No. 1 eastern Iowa-based FirstHome lender, and number six in the state, in the 2007 FirstHome program.

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Are We Seeing Bottom of the South Florida Real Estate Fall?

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April 29, 2008

Toolkit Educates Consumers About Mortgage Fraud

WASHINGTON -- Mortgage fraud continues to be of critical concern for both financial institutions and consumers, so BITS, a division of the Financial Services Roundtable, has developed Mortgage Fraud Prevention: An Education and Awareness Toolkit for Consumers to help financial institutions educate consumers about mortgage fraud and protect themselves against...

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April 29, 2008

Prime Alliance Recording 20% Annual Growth

TUKWILA, Wash. -- Even as mortgage production has decreased 15% from last year due to the subprime meltdown, Prime Alliance Solutions Inc., the mortgage CUSO here, reported an increase of 20% in mortgage transactions from 2006 to 2007.

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April 29, 2008

Home Buying May Slump Further As Public's Pessimism Grows

WASHINGTON -- A new poll by the Associated Press and AOL Money & Finance offers little hope for a resurgence in the mortgage market as a growing majority say they won't buy a home anytime soon.

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April 29, 2008

Beware: Reverse Mortgages Can Be Dangerous for You and Your Members

Consumer interest in reverse mortgages is growing, which is good news for the lenders underwriting the loans and for the brokers originating them but not for the seniors targeted or for the credit unions getting aggressively recruited to help market the product.

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April 29, 2008

Expansion of FHA Programs Will Make It More Appealing to Credit Unions

FORT WORTH, Texas -- Will the changes made by the Federal Housing Administration and Urban Development Agency cause more credit unions to become FHA lenders?

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April 29, 2008

Mortgagebot's Mortgage Marvel Offers Loan Aggregation and Privacy

MEQUON, Wis. -- Mortgagebot is a provider of online mortgage-application technology for nearly 800 banks, thrifts and credit unions across the country, but the company wasn't satisfied that the online channel was doing everything it could have.

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April 28, 2008