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Utah CU Goes with Mortgagebot

By Marc Rapport

OREM, Utah -- Family First Federal Credit Union has begun using the Internet-based lending application solution from Mortgagebot LLC.

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Utah's 4-Day Week Has No CU/Bank Takers

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July 08, 2008

ABA Sees Big Jump in HELOC Delinquencies

WASHINGTON -- Underscoring banker troubles on home equity loans, the American Bankers Association said this week HELOC delinquencies rose 14 basis points to 1.10% during the first quarter, marking the highest rate for that loan category since ABA began collecting data in 1987.

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July 08, 2008

Fed to Issue Rules on Mortgage Applications

WASHINGTON -- Lenders would be barred from making loans without regard to a borrower's income and could not penalize people who pay their loans off early, according to regulations the Federal Reserve plans to issue next week.

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July 08, 2008

Fed to Issue Rules on Mortgage Applications

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July 08, 2008

Polish and Slavic Makes More Scholarships Available

BROOKLYN, NY-- For the seventh year, the $1.2 billion Polish and Slavic Federal Credit Union is supporting the educational aspirations of its members. PSFCU contributed $300,000 to help defray the educational costs of its high school and college student members.

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July 08, 2008

Fannie and Freddie Woes Raise Concerns About Housing Market

WASHINGTON -- Fears that the woes of the housing industry are not over were triggered Monday when shares of Fannie Mae and Freddie Mac fell to their lowest levels in 14 years.

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July 08, 2008

Alabama CU's Debit Card Wins Design Award

MONTGOMERY, Ala. -- The Alabama State Employees Credit Union's new ClearCheck see-through debit card has won a top honor from the International Card Manufacturers Association.

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July 07, 2008