News

Credit unions will now be required to do more in terms of identifying and verifying members upon opening new accounts. See story page 6.

Mortgage lending is not only making headlines with credit unions - first mortgages for the leading CU lenders were up 26% the first quarter 2002 from 2001 - Capitol Hill is seeing a flurry of activity as well. Catch up on the news on pages 18-20.

WEST PALM BEACH, Fla. - 2001 was a good year for mortgage lending, and so far 2002 looks to be turning out the same. Total first mortgages for the 10 leading credit unions first quarter 2002 compared to the same period in 2001, went up 26% to $13,655.1 billion from...

ADDISON, Texas - CU Members Mortgage, the credit union division of financial services firm Colonial Savings F.A., joined the ranks on June 3 of the growing number of mortgage lenders that provide online approval to mortgage applications in a matter of minutes. The service, which also includes a suite of...

WASHINGTON - Housing issues typically generate a lot of interest and get a lot of attention on Capitol Hill, and this congressional session is no different, especially at a time when housing is a high priority for the economy. There is no shortage of mortgage reform legislation circulating around the...

WASHINGTON - The Electronic Signatures in Global and National Commerce Act (E-Sign) and the Uniform Electronic Transactions Act (UETA) opened the door to the origination of enforceable eMortgages. Fannie Mae has now issued a set of guidelines that will allow borrowers to preview their mortgage documents before closing and helps...