News

TAMPA, Fla. - The timetable isn't confirmed yet, but participants in a project to build affordable housing in West Tampa hope construction will get underway in about three months. Two of Florida's largest credit unions, Suncoast Schools Federal Credit Union and GTE Federal Credit Union, will provide both construction and...

NEW YORK-In a guest appearance at the New York State Credit Union League's 85th Annual Meeting and Convention, NCUA Board Member Debbie Matz praised the state's credit unions for remaining true to principles that "have clearly stood the test of time." "Eighty-five years ago," Matz said, "millions of hard-working people...

NEW YORK - Starting in June, community development credit unions will have a new tool to help them make home loans to members with less than perfect credit. The CDCU Mortgage CenterT-the mortgage provider for over 220 member CUs of the National Federation of Community Development Credit Unions- has partnered...

NEW YORK-As part of its increased advocacy efforts to state legislators, the New York State Credit Union League (NYSCUL) has begun a credit union awareness campaign through a series of billboards along key stretches of highway in the Albany area and by airing local radio spots. League members from around...

WASHINGTON - Despite an overall decline in mortgage originations, adjustable-rate mortgages (ARMS) and interest only products made up 63% of mortgage originations in the second half of 2004, results of the Mortgage Bankers Association's Single-Family Mortgage Activity Survey. ARMs originations were split almost evenly between traditional ARMs (53%)- the interest...

WALNUT CREEK, Calif. - When it comes to mortgage lending, seven of the top 10 riskiest metropolitan areas are in California, according to the PMI Spring Risk Index. According to the report, the Oakland area has a 49% chance of property values decreasing. San Jose follows with 48%, and San...