Credit Union Times | Accurate and Timely CU News

SBA Seeks Comment on 2008-2012 Draft Strategic Plan

By Michelle A. Samaad

The Small Business Administration is asking for comment on its Strategic Plan for Fiscal Years 2008 through 2012, which was released on Friday.

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Exclusive: Former Centrix CEO Robert Sutton Interview with CU Times

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Countrywide Bolstered by $2 Billion Cash Infusion from Bank of America

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Lending Stories

August 23, 2007

Mortgage Meltdown and Credit Crunch Takes Toll on Toll Bros., Lehman

Toll Brothers, the nation's largest builder of luxury homes announced that its third quarter earnings were down 84%. Year-to-date earnings are down $26.5 million the company said, attributing the losses to the downturn in the luxury home market and the credit/liquidity crunch, and sales are down 21% from a year...

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August 21, 2007

ACUMA Chairman Joins Call to Aid Mortgage Subprime Victims

The nation's mortgage meltdown is triggering a call to action among credit unions with mortgage specialties.

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August 21, 2007

Congressional Interest May Drive Increased NCUA Attention to Fair Lending

NCUA examiners appear to be looking more closely than they have been in recent years at how well credit unions comply with federal fair lending regulations, according to attorneys who work with credit unions.

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August 21, 2007

Start-Up, Minority Businesses Received More SBA 7(a) Loans, GAO Finds

The Government Accountability Office has just released a report that takes a hard look at the Small Business Administration's 7(a) loan program's performance measures, any constraints and what types of small businesses are being approved for the loans.

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August 21, 2007

Countrywide Runs Ads to Boost Confidence; Layoffs Reported

In an effort to reassure its customers, Countrywide Financial Corp. ran ads in the <em>Los Angeles Times</em> yesterday saying that the business is safe and deposits are insured by the FDIC.

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August 20, 2007

Nevada FCU Doing OK 'Despite Housing Gloom'

LAS VEGAS -- With the state leading the nation in foreclosures, Nevada Federal Credit Union, the state's largest, said Monday it considers itself fortunate to have steered its members away from subprime and despite the gloom is doing well in first-time home buyer mortgages.

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August 20, 2007

CUDL Announces Interface with Summit Core

Credit unions running on the Summit Information Systems core processing platform now can deploy a seamless interface with the CUDL indirect lending and point-of-sale system.

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Lending

Top Lending Stories

SBA Seeks Comment on 2008-2012 Draft Strategic Plan

Exclusive: Former Centrix CEO Robert Sutton Interview with CU Times

Countrywide Bolstered by $2 Billion Cash Infusion from Bank of America

Recommended Just For You

Lending Stories

Mortgage Meltdown and Credit Crunch Takes Toll on Toll Bros., Lehman

ACUMA Chairman Joins Call to Aid Mortgage Subprime Victims

Congressional Interest May Drive Increased NCUA Attention to Fair Lending

Start-Up, Minority Businesses Received More SBA 7(a) Loans, GAO Finds

Countrywide Runs Ads to Boost Confidence; Layoffs Reported

Nevada FCU Doing OK 'Despite Housing Gloom'

CUDL Announces Interface with Summit Core