Credit Union Times | Accurate and Timely CU News

Busy Mortgage Bill Week on Capitol Hill

By Sarah Snell Cooke

A number of mortgage-related issues affecting credit unions are expected to have the attention of members of Congress this week.

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Busy Mortgage Bill Week on Capitol Hill

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Alliance CUSO, Wolters Kluwer Form Biz Lending Alliance

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November 12, 2007

PHH Mortgage Records 9.5% Revenue Decline

Third quarter results for PHH Mortgage reflect the continuing slump in the overall mortgage business, with net revenues for September at $484 million, a decrease of 9.5% from net revenues of $535 million for the same quarter of 2006. Net loss for the third quarter of 2007 was $38 million,...

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November 12, 2007

MEMBERS Trust Set to Debut Reverse Mortgage Program

The Office of Thrift Supervision has given MEMBERS Trust Company the green light to originate and service reverse mortgages.

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November 08, 2007

NCUA's Hyland Encouraged By SBA Patriot Express Success

NCUA Board Member Gigi Hyland applauded the early success of the SBA's Patriot Express program as an example, not only of credit unions taking advantage of opportunities presented, but also federal agencies working together.

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November 08, 2007

CDRLF Posts Record Loan Volume

NCUA announced today that its Community Development Revolving Loan Fund has reached its threshold and set a new record.

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November 08, 2007

CDRLF Posts Record Loan Volume

NCUA announced today that its Community Development Revolving Loan Fund has reached its threshold and set a new record.

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November 07, 2007

SBA's Patriot Express Off to Strong Start

In the four months since its launch, the Small Business Administration's SBA Patriot Express Loan Initiative has produced more than 500 SBA guaranteed loans amounting to $51 million, with an average loan amount of nearly $102,000, the agency announced today.

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November 07, 2007