NEW YORK - Fitch Ratings downgraded U.S. Central's Issuer Default Rating to "AA" from "AA+", blaming an expectation of additional investment losses "that are meaningful in relation to the company's capital base and earnings capacity."
WASHINGTON -- There were 81% more foreclosure filings, bank repossessions and similar actions in 2008 compared with 2007, according to a report released today by RealtyTrac, an online seller of foreclosed properties.
WASHINGTON - Healthcare aid to states, additional funds for unemployment insurance and tax cuts are among the provisions of the $825 billion stimulus bill introduced today by House Democrats.
WASHINGTON -- J.P. Morgan Chase and Citigroup both said today that they won't initiate any foreclosure proceedings in the near future, while the Obama administration comes up with a foreclosure-relief program.
WASHINGTON -- A recent CUNA paper advises smaller asset credit unions not to sharply increase fees nor suddenly change their underwriting standards in response to the down economy.
ALEXANDRIA, Va. - The NCUA Board plans to vote whether to finalize rules about how credit unions must display signs indicating they have insurance coverage at its meeting next Thursday.
