Credit Union Times | Accurate and Timely CU News

Small Business Owner Brings Unique Mindset to Coventry CU's New Division

By Michelle A. Samaad

COVENTRY, R.I. -- There's one thing that Adam Quinlan is still in awe over as the newly hired vice president of Coventry Credit Union's commercial services division: no prepayment penalties.

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Meriwest CU Pushes 'Loan Workouts' for Ailing Businesses

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JP Morgan Chase and Citigroup Announce Foreclosure Moratorium

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Lending Stories

January 06, 2009

Nearly 5% of Miami-Dade Homes in Foreclosure

MIAMI - Default Research (http://www.defaultresearch.com) is reporting that South Florida lenders filed 101,000 foreclosure-related lis pendens in 2008. Miami-Dade County led the region with 47,672, representing 4.91% of total households.

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January 05, 2009

Pennsylvania League's Loan Trader Off and Running

HARRISBURG, Pa. -- A little over two months since its debut, the Pennsylvania Credit Union Association's business loan exchange, Credit Union Loan Trader, is off to a strong start.

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January 05, 2009

Consumer Groups Challenge Bank Using Government Money to Fund Refund Loans

WASHINGTON -- A coalition of consumer and financial activist groups has denounced a bank's announcement that it will use some of the funds it received under the Troubled Asset Relief Program to fund so-called refund anticipation loans.

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January 05, 2009

Mountain America Loan Officer Helps Create 100 New Jobs

SALT LAKE CITY -- Matthew Ashton's role in helping to provide $12 million in financing and the creation of 100 new jobs has put Mountain America Credit Union in the business lending spotlight.

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January 04, 2009

CUNA Keeps Pressure on to Ease MBL Cap

WASHINGTON -- Just two days before a hearing on jumpstarting the stalled economy, CUNA has not wavered in its attempts to convince lawmakers to eliminate the 12.25% member business lending cap.

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January 04, 2009

Early Backer of CRL Suggested As Mortgage Culprit

NEW YORK -- Herbert Sandler, an early backer of the Center For Responsible Lending, has been identified as a chief promoter of a mortgage products that critics charged helped bring about the current financial crisis.

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January 04, 2009

Commercial Real Estate 'Next Ticking Time Bomb'

NEW YORK -- While banks and other lenders are not having widespread problems with commercial properties compared to residential properties, The New York Times said refinancing attempts could significantly change that this year.

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Lending

Top Lending Stories

Small Business Owner Brings Unique Mindset to Coventry CU's New Division

Meriwest CU Pushes 'Loan Workouts' for Ailing Businesses

JP Morgan Chase and Citigroup Announce Foreclosure Moratorium

Recommended Just For You

Lending Stories

Nearly 5% of Miami-Dade Homes in Foreclosure

Pennsylvania League's Loan Trader Off and Running

Consumer Groups Challenge Bank Using Government Money to Fund Refund Loans

Mountain America Loan Officer Helps Create 100 New Jobs

CUNA Keeps Pressure on to Ease MBL Cap

Early Backer of CRL Suggested As Mortgage Culprit

Commercial Real Estate 'Next Ticking Time Bomb'