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LaFalce introduces Mortgage Loan Consumer Protection Act

By Staff Writer

WASHINGTON - Re. John LaFalce (D-N.Y.), the ranking Democrat on the House Financial Services Committee introduced legislation that would simplify the mortgage loan process and impose stiff penalities on lenders who violate consumer protection laws and fail to provide required federal disclosures, "correcting a flaw in the current statute," LaFalce's...

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Appraisal groups applaud Sens. Sarbanes and Miller on their review of mortgage fraud and appraisal licensing

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NAFCU economist advises CUs to prepare for upswing in mortgage rates, downswing in lending

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June 04, 2002

Navy FCU's eMortgage transaction on target, begins pilot of second release

VIENNA, Va. - Navy FCU didn't get to be the largest credit union mortgage lender in the country by taking members' applications and processing them the old fashioned way. The $16-billion credit union is constantly studying its mortgage handling procedures and looking for ways to streamline the front and back...

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June 04, 2002

Virginia CUs fight back; muster forces to file complaints against insurance company's solicitations of CUs' mortgage borrowers

RICHMOND, Va. - CALL FCU got more than it bargained for when it ran a home equity loan promotion to a targeted segment of its membership in mid-January. For the $180 million CU, it all started witb one member who received a first mortgage from the credit union in January....

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June 04, 2002

Getting the loan may mean correcting credit files - quickly

PASADENA, Calif. - It happens quite often for Wescom Credit Union. A member applying for a mortgage learns they don't qualify because a couple of other loans they've already paid off are still on their credit file. Wescom gets the correct information and is able to update the file within...

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May 28, 2002

A true pioneer

Founders FCU President/CEO Laura Fleming was leading Founders FCU when few women had the reins of credit unions. Page 22.

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May 28, 2002

Sebastian's Journey

From attorney to regulator and even entrepreneur, GTE FCU President/CEO Bucky Sebastian's career has taken him down many paths. Page 30.

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May 28, 2002

Vendors working on alternatives to the old reliable tape back-up; new high-tech storage devices emerge

COLUMBIA, S.C. - As sure as the sun sets in the west, credit unions back up their data. Faithfully, night after night, year after year, and always on tape. But that could be changing. Alternatives to tape are emerging. For reasons of scale, the big financial institutions are leading the...

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May 21, 2002

Special Report: Corporates

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Top News Stories

LaFalce introduces Mortgage Loan Consumer Protection Act

Appraisal groups applaud Sens. Sarbanes and Miller on their review of mortgage fraud and appraisal licensing

NAFCU economist advises CUs to prepare for upswing in mortgage rates, downswing in lending

Recommended Just For You

News Stories

Navy FCU's eMortgage transaction on target, begins pilot of second release

Virginia CUs fight back; muster forces to file complaints against insurance company's solicitations of CUs' mortgage borrowers

Getting the loan may mean correcting credit files - quickly

A true pioneer

Sebastian's Journey

Vendors working on alternatives to the old reliable tape back-up; new high-tech storage devices emerge

Special Report: Corporates