Credit Union Times | Accurate and Timely CU News

Fannie Mae Makes Adjustments in Declining Markets

By Staff Writer

DALLAS -- Fannie Mae Senior Risk Manager Nathan Myres told credit union mortgage officials listening to a Webinar sponsored by CU Members Mortgage here yesterday that Fannie Mae was reasserting an older policy on restricting maximum loan-to-value ratios in declining markets.

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OFHEO Loosens Fannie Mae & Freddie Mac Reserve Cushion, Freeing $300 Billion

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Kansas FOM Bill Passes Senate, 35-2, Heads to House

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March 20, 2008

Frank Proposes Broad Financial Regulator, Change in Capital Rules

WASHINGTON -- Congressman Barney Frank (D-Mass), Chairman of the House Financial Services Committee today proposed sweeping changes to the way the Federal Government regulates the financial services sector.

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March 20, 2008

Maine Credit Unions Bracing for Potential Card Fraud

PORTLAND, Maine -- Maine credit unions are warning that a breach at a retail food chain popular in New England has the potential to bring them more card fraud than did the massive breach at the TJX retailer.

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March 20, 2008

Six CUs to Convert to Sharetec

LINO LAKES, Minn. -- Six credit unions are planning to soon convert their core processing to Sharetec Systems Inc.'s platform, the company said.

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March 20, 2008

Six CUs to Convert to Sharetec

LINO LAKES, Minn. -- Six credit unions are planning to soon convert their core processing to Sharetec Systems Inc.'s platform, the company said.

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March 20, 2008

DFCU Members Not Yet Saying What They Want

DEARBORN, Mich. -- Members of the $1.8 billion DFCU Federal Credit Union who have won a court decision mandating the CU hold a special meeting and allow them to see its records relating to a failed charter conversion are not yet sure how they want to proceed.

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March 20, 2008