News

ALEXANDRIA, Va. - The NCUA issued Regulatory Alert No. 05-RA-08 to provide credit unions the latest information on updates by the Board of Governors of the Federal Reserve System on the maximum amount of points and fees that may be charged to a borrower without triggering HOEPA requirements. Effective Jan....

TUKWILA, Wash. - Prime Alliance Solutions was awarded the Synergy Award during this year's Mortgage Bankers Association Annual Convention in recognition of its contribution to mortgage e-commerce. The Synergy Award is presented by Mortgage Technology magazine to recognize technology initiatives and alliances that advance the cause of seamless end-to-end e-commerce....

PLANO, Texas - Southwest Corporate Federal Credit Union preceded its 28th Annual Economic Forum, "New Thinking for a New Economy," with a dedication ceremony at its new headquarters building. Crystal-clear blue skies and cool fall temperatures contributed to a strong turnout for the dedication Tuesday, Oct. 25. Approximately 150 individuals...

COLORADO SPRING, Colo. - With individuals age 62 or older increasingly making up a larger segment of the U.S. population, Air Academy FCU has begun offering reverse mortgages to give members in this age group who are homeowners a way to tap into their home equity without losing title. Shannon...

SAN JOSE, Calif. - Residents of Dublin, Calif. will likely be doing a lot of double takes starting this month when they drive by and see the signage for Tech CU Mortgage. No, it won't be a branch of San Jose, Calif.-based Technology Credit Union, but the first credit union-owned...

WASHINGTON - Talk about perseverance. After five years, 20 hearings and testimony from more than 100 witnesses, Congress passed U.S. Rep. Richard Baker's (R-La.) legislation Oct. 26 that among its provisions, provides for stricter oversight of the three housing Government Sponsored Enterprises - the Freddie Mac, Fannie Mae and the...