News

WASHINGTON - Federal law enforcement Oct. 27 announced the formation of a task force to investigate and prosecute mortgage fraud. The task force will include representatives of the U.S. attorney's office, the FBI, the IRS, the U.S. Postal Service and other agencies. Officials said forming the task force will allow...

WEST PALM BEACH, Fla. - What a difference 10 months can make when it comes to mortgage interest rates. Mortgage experts have predicted for awhile that rates would rise, but now it seems their forecasts might actually be happening. When 2005 began, mortgage rates started out lower than 2004 ended....

ALEXANDRIA, Va. - The NCUA issued Regulatory Alert No. 05-RA-08 to provide credit unions the latest information on updates by the Board of Governors of the Federal Reserve System on the maximum amount of points and fees that may be charged to a borrower without triggering HOEPA requirements. Effective Jan....

TUKWILA, Wash. - Prime Alliance Solutions was awarded the Synergy Award during this year's Mortgage Bankers Association Annual Convention in recognition of its contribution to mortgage e-commerce. The Synergy Award is presented by Mortgage Technology magazine to recognize technology initiatives and alliances that advance the cause of seamless end-to-end e-commerce....

PLANO, Texas - Southwest Corporate Federal Credit Union preceded its 28th Annual Economic Forum, "New Thinking for a New Economy," with a dedication ceremony at its new headquarters building. Crystal-clear blue skies and cool fall temperatures contributed to a strong turnout for the dedication Tuesday, Oct. 25. Approximately 150 individuals...

COLORADO SPRING, Colo. - With individuals age 62 or older increasingly making up a larger segment of the U.S. population, Air Academy FCU has begun offering reverse mortgages to give members in this age group who are homeowners a way to tap into their home equity without losing title. Shannon...