News

ARLINGTON, Va. - The NASCUS leadership is exploring the possibility of implementing an affinity agreement with Fannie Mae for state-chartered credit unions, similar to the ones NAFCU has with Fannie Mae and which CUNA has with Freddie Mac. NASCUS Vice President, National Advocacy Jonathan Lindley said Fannie Mae took the...

TUKWILA, Wash. - By most economists' estimates, the refi boom of 2002 and the period of record-low mortgage rates are beginning to wind down, but not before Prime Alliance Solutions closed its second year in business with nearly four times the mortgage loan volume it did in its first year...

RESTON, Va. - The latest report from the Mortgage Industry Research Institute shows half of all mortgage lenders believe fraud is rising moderately or significantly. As if seeing more incidents of mortgage fraud wasn't bad enough, lenders say they're also experiencing higher costs each time fraud hits. The report, which...

LEEDS, U.K. - John Battle, the Labour Member of Parliament (MP) from Leeds, is worried about the three million English who are living in poverty and subject to doorstop lenders, the British term for predatory lenders. In a country with a population of approximately 50 million people, Battle sees credit...

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The failure of Eastern Airlines didn't sink its primary CU, which is now in the billionaires club. The CU's CEO Kent Herbert is now leading Eastern Financial Florida CU into a new era. Page 30.