Credit Union Times | Accurate and Timely CU News

Moody's Special Economy.com Study Of Mortgage Credit Quality Available

By Staff Writer

A Moody's study from date supplied by Equifax and Moody's Investors Services that assesses how much further credit conditions will deteriorate is available at www.economy.com.

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Fed Adjusts Mortgage Fee Disclosure Threshold

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SBA's 504 Loan Program One Way to Manage Member Business Lending Cap, Experts Offer

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Lending Stories

August 07, 2007

Colorado Adopts 'Tangible Net Benefit' Standard for Mortgage Loans

Steve Von Sickler, SVP and chief lending officer for Red Rocks Credit Union here, is also chairman of the ACUMA Regulatory Compliance Committee that drafted an extensive response to the NCUA's request for comment on subprime lending. The recently released Interagency Statement on Subprime Mortgage Lending, he said, "included most...

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August 07, 2007

Kinecta Purchases High-Profile Payday Lender

Kinecta Federal Credit Union has purchased Carson, California-based Nix Check Cashing for approximately $45 million. Nix parent company Navicert Financial, Inc. will first be housed under a credit union CUSO, Kinecta Alternative Financial Solutions, Inc., but will eventually be folded into the credit union as a division.

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August 07, 2007

Where is the Blockage? Credit Unions Must Embrace Mortgages for Members And Themselves!

Now, this is not an article reprinted from the American Journal of Medicine, but a serious question for the credit union system concerning mortgage lending.

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August 07, 2007

Cal State 9's Losses Continue Skyrocket; Banks, Lenders Continue to Feel Subprime Sting

No one still wants to talk about the meltdown at Cal State 9 Credit Union here, particularly since NCUA's recent warning about subprime real estate lending. But it's evident that regulatory special actions are being taken because the CU has provisioned $17 million for loan losses for the quarter ending...

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August 07, 2007

Applying as a Family is the Only Way Many Californians Can Qualify for Home Loans

Mortgage loan broker Yamila Ayad has been in business for nearly 20 years in San Marcos, located about 40 miles north of downtown San Diego. She's well established in a growing Hispanic marketplace, and her small, bustling office handles as many loans as some mid-sized credit unions--she closed nearly 50...

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August 07, 2007

Small Businesses Might Consider Credit Unions During 'Credit Crunch'

As some predict tightening of loans to small businesses, entrepreneurs might want to consider credit unions as an alternative, Mike Schenk, CUNA senior economist, suggested in today's <em>Wall Street Journal</em>.

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August 07, 2007

CU Mortgage Firm Urges Caution on 'Basics'

The nationwide mortgage jitters marked by last week's collapse of American Home Mortgage should demonstrate to credit unions the need to stick to basics and "partner with those you know," a major CU service vendor said this week.

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Lending

Top Lending Stories

Moody's Special Economy.com Study Of Mortgage Credit Quality Available

Fed Adjusts Mortgage Fee Disclosure Threshold

SBA's 504 Loan Program One Way to Manage Member Business Lending Cap, Experts Offer

Recommended Just For You

Lending Stories

Colorado Adopts 'Tangible Net Benefit' Standard for Mortgage Loans

Kinecta Purchases High-Profile Payday Lender

Where is the Blockage? Credit Unions Must Embrace Mortgages for Members And Themselves!

Cal State 9's Losses Continue Skyrocket; Banks, Lenders Continue to Feel Subprime Sting

Applying as a Family is the Only Way Many Californians Can Qualify for Home Loans

Small Businesses Might Consider Credit Unions During 'Credit Crunch'

CU Mortgage Firm Urges Caution on 'Basics'