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CMG Mortgage Insurance Company maintains `AA' rating

By Staff Writer

CHICAGO -Fitch Ratings has affirmed CMG Mortgage Insurance Company's `AA' insurer financial strength rating. As part of its review process, Fitch stress tested CMG's insured mortgage portfolio to estimate the impact a severe economic downturn and the resulting mortgage loan defaults could have on the company's capital position. The results...

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LOMA heads online

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Safeco looks to Internet, phone to sell policies

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June 11, 2002

Communitywide FCU experiences third-largest loan growth in U.S.

SOUTHBEND, Ind. - When it comes to loans, Communitywide Federal Credit Union can shout, "What a difference automation makes". In 2001, the $84 million credit union managed to increase its loan volume by more than 50% to over $60 million. "Two factors have made our rapid loan growth possible," said...

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June 11, 2002

Insurance industry gears up for credit scoring battle

WEST PALM BEACH, Fla. - The latest controversy striking the insurance industry is the legitimacy of the increased use of credit scores. Recently Allstate Insurance Company stated that it will stop writing homeowners insurance policies for new customers in Texas who fall in the lowest three tiers of its five-point...

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June 04, 2002

CNBS claims it's No. 1

CU broker/dealer CNBS claims survey proves it has largest brokerage marketshare in CU industry. See story page 24.

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June 04, 2002

Special Report: Mortgages

2002 is barely half over and it's already turning out to be an eventful year on the mortgage lending front. Read about some of the more recent legislative and service initiatives on pages 18-22.

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June 04, 2002

Navy FCU CUSO develops new settlement services subsidiary

VIENNA, Va. - In what Lou Jennings, executive vp of Navy FCU's mortgage department calls "a CUSO's CUSO," Navy Federal Financial Group, a wholly-owned CUSO of Navy FCU, is forming a separate real estate and mortgage settlement services CUSO - Navy Real Estate Services LLC - that Jennings said will...

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June 04, 2002

Payday lending legal in Virginia

RICHMOND, Va. - Legislation allowing payday lenders licensed by the State Corporation Commission to transact business in Virginia has been enacted and becomes effective July 1, 2002. To be licensed, a payday lending business has to pay a $500 application fee, a surety bond in the sum of $10,000 per...

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June 04, 2002

Home prices soar

A recently completed survey by Harvard University's Joint Center for Housing Studies showed that the price of homes have gone up so high over the past 13 years making the availability of affordable housing not only a problem for the poor, but for middle-income families also. It has made the...

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Top News Stories

CMG Mortgage Insurance Company maintains `AA' rating

LOMA heads online

Safeco looks to Internet, phone to sell policies

Recommended Just For You

News Stories

Communitywide FCU experiences third-largest loan growth in U.S.

Insurance industry gears up for credit scoring battle

CNBS claims it's No. 1

Special Report: Mortgages

Navy FCU CUSO develops new settlement services subsidiary

Payday lending legal in Virginia

Home prices soar