News

SYDNEY, Australia - The Boomerang Scheme helped Bill and Joan, a middle-aged couple. They have a disabled daughter and had been renting a refrigerator at AUS$80 (US$58) a month. The refrigerator was critical to store the medicines their daughter needed. Reliability was literally a matter of life and death. Prior...

WASHINGTON - In response to what it described as "the unprecedented destruction caused by recent natural disasters," the U.S. Department of Housing and Urban Development announced it is relaxing several existing policies for disaster victims that are applicable for one year from the date Pres. Bush declared an area a...

WASHINGTON - With the start of a new year, the Mortgage Bankers Association last week held its State of Real Estate Finance Industry press briefing and shared its long-term economic outlook as well as its 2006 Advocacy Agenda. Presenting during the webinar from the MBA were: Regina Lowrie, CMB, chairman...

FORT WORTH, Texas - How does a credit union know, before it contracts to work with a mortgage partner, that the lender they choose will be the right fit for their credit union? What questions do they need to ask? Credit unions' lack of awareness of what they need to...

As credit unions approached the last quarter 2005, all indications showed they were headed to finish the year with strong mortgage activity. As these charts from Callahan & Associates show, as of Sept. 30, 2005, CUs had more real estate loans in their portfolios than auto loans, the staple of...

DUBLIN, Ireland - Ten Irish credit unions, which are not insured through the Irish League of Credit Unions, may need special legislation according to a warning by the Financial Regulator of Credit Unions. The regulator works under the Irish Financial Services Regulator Authority (IFSRA), the government agency that oversees all...