News

WASHINGTON - With the start of a new year, the Mortgage Bankers Association last week held its State of Real Estate Finance Industry press briefing and shared its long-term economic outlook as well as its 2006 Advocacy Agenda. Presenting during the webinar from the MBA were: Regina Lowrie, CMB, chairman...

FORT WORTH, Texas - How does a credit union know, before it contracts to work with a mortgage partner, that the lender they choose will be the right fit for their credit union? What questions do they need to ask? Credit unions' lack of awareness of what they need to...

As credit unions approached the last quarter 2005, all indications showed they were headed to finish the year with strong mortgage activity. As these charts from Callahan & Associates show, as of Sept. 30, 2005, CUs had more real estate loans in their portfolios than auto loans, the staple of...

DUBLIN, Ireland - Ten Irish credit unions, which are not insured through the Irish League of Credit Unions, may need special legislation according to a warning by the Financial Regulator of Credit Unions. The regulator works under the Irish Financial Services Regulator Authority (IFSRA), the government agency that oversees all...

WASHINGTON - The number of credit unions participating in the SBA's 7(a) lending program continues to grow. As of Sept. 30, credit unions produced 1,172 SBA loans totaling $122,695,618 in guarantees. More than 250 CUs are now 7(a) lenders. Callahan & Associates, Inc. reported that the noticeable difference between those...

LENEXA, Kan. - Credit unions involved with mortgage lending have seen this scenario happen too often - they pre-approve a member for a mortgage, only to lose that member's mortgage when they go to a realtor to find their perfect home and they're steered to another lender. TruHome Solutions LLC...