News

Alliance Institutional Services, LLC, a business services CUSO, has linked up with Wolters Kluwer Financial Services to offer compliant business lending documentation.

Third quarter results for PHH Mortgage reflect the continuing slump in the overall mortgage business, with net revenues for September at $484 million, a decrease of 9.5% from net revenues of $535 million for the same quarter of 2006. Net loss for the third quarter of 2007 was $38 million,...

The House last Friday narrowly passed the Temporary Tax Relief Act of 2007 (H.R. 3996), which included language to eliminate mortgage debt forgiveness from gross income for tax purposes.

The Office of Thrift Supervision has given MEMBERS Trust Company the green light to originate and service reverse mortgages.

Visa USA has filed the paperwork for its initial public offering of stock, an offering that analysts say will make it the second largest in U.S. history.

<em>Credit Union Times</em> Editor/Publisher Paul Gentile is leaving the leading industry publication to become the new president/CEO of the New Jersey Credit Union League.