News

WASHINGTON - Housing starts fell 4.5% last month to a seasonally adjusted annual rate of 791,000, the Commerce Department reported today.

SAN DIEGO - Mortgage data provider DataQuick reported today that the median sales price for a Southern California home has dropped 41% from peak prices only 18 months ago.

PHILADELPHIA - Bad times have been good for VINtek, a provider of automotive collateral, title management and direct finance technology solutions to credit unions, banks and other lenders.

ST. LOUIS, Mo. - The United States attorney in Missouri has formed a mortgage fraud task force composed of credit unions, bankers, brokers and federal and state officials.

WASHINGTON - Sen. Joseph Lieberman (I-Conn.), one of the strongest supporters of credit unions on Capitol Hill, dodged a political bullet today.

WASHINGTON - Sen. Joseph Lieberman (I-Conn.), one of the strongest supporters of credit unions on Capitol Hill, will learn today what the consequences are for having endorsed GOP nominee John McCain.