News

NEW YORK -- Mortgage defaults stem from loan products not income level, according to a study released last week by the Local Initiatives Support Corp. The study also found that most subprime mortgages were made outside of poverty-stricken areas.

MENLO PARK, Calif. -- At their first organizational meeting, representatives from more than a dozen California credit unions spent nearly five hours talking about the possibilities a new CUSO could bring.

FALCON HEIGHTS, Minn. -- Return on investment is often hard to put a finger on in the world of technology and outsourced services, but that's not necessarily so at Spire Federal Credit Union and Lending Solutions Inc.

BALTIMORE -- Credit unions aren't lining up to have their mortgage lending staff get licensed or registered. The former isn't required, and the means for doing so for the latter isn't yet available. But some in the industry think that CUs would do well to examine whether licensing requirements should...

MOUNT LEHMAN, British Columbia -- You probably remember Ms. Thermodynamics, your high school physics teacher, quoting Aristotle's statement that nature abhors a vacuum.

SAN DIMAS, Calif. -- Western Corporate filed September financials that just barely crossed into the black, recording a slim $115,000 net income for the month.