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Fannie Mae Makes 40-Year Mortgages Standard Product to Give Borrowers More Options in High-Priced Housing Market

By Staff Writer

WASHINGTON - The combination of skyrocketing housing prices, lower wage growth and rising interest rates coupled with the growing necessity for lenders to be able to offer borrowers dealing with affordability challenges with more mortgage options have prompted Fannie Mae to expand its 40-year fixed-rate mortgage program nationwide out of...

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Three-Month Old Mid-Atlantic Mortgage CUSO Does $4 Million in Originations

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ARMs Making Up Larger Portion of Credit Unions Mortgages in Rising Interest Rate Environment

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May 24, 2005

Special Report: Investments/Trusts

Find out how Kinecta FCU got into the trust services game. Read about that and more trust and investment news on the special report on pages 22-26.

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May 24, 2005

NCUA Meets, Reg Relief Returns

The NCUA Board held a relatively uneventful May meeting, while CUs were given an opportunity to testify before Congress on regulatory relief. Page 3.

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May 24, 2005

Pennsylvania Department of Banking Issues Positive Outlook for State-Chartered CUs

HERSHEY, Pa.-In what might be called the "state of the Pennsylvania state charters address," members of the Pennsylvania Department of Banking expressed a positive review of credit union performance in 2004. Comments were made as part of a State Banking Forum held at the 2005 Pennsylvania Credit Union Association Annual...

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May 24, 2005

Top 50 Credit Unions in Investments Outstanding

WASHINGTON - Investments topped the $2 billion mark for credit unions with the most invested. No surprise Navy Federal Credit Union ranked first in investments with nearly $7 billion followed by Alliant CU with $2.4 billion. From there, the amounts drop off from $2 billion to $487 million invested by...

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May 24, 2005

John Largent Promoted to CIO at MEMBERS Trust

TAMPA, Fla. - MEMBERS Trust Co. has promoted John Largent to chief investment officer. Largent joined MEMBERS Trust in 2004 as senior investment officer. He has more than 20 years of financial services experience and holds an undergraduate degree in Finance/Banking and a Master of Business Administration degree from the...

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May 24, 2005

Rise in 401(k) Participation Slight Despite Employer Efforts

LINCOLNSHIRE, Ill. - While the percentage of employees who have enrolled in their company's 401(k) plans rose to 70.3% in 2004 from 69.8% in 2003, the increase is bittersweet given employers' efforts to boost participation. According to a study from Hewitt Associates, a human resources consulting firm, 64% of employers...

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May 24, 2005

Agencies Still Investment of Choice

WASHINGTON - Most credit unions look to federal agency securities as their investment of choice, comprising 41.6% of the industry's average composition. In a distant second were corporates followed by banks, and savings and loans, according to Callahan & Associates, Inc. Credit unions were least likely to invest in mutual...

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Top News Stories

Fannie Mae Makes 40-Year Mortgages Standard Product to Give Borrowers More Options in High-Priced Housing Market

Three-Month Old Mid-Atlantic Mortgage CUSO Does $4 Million in Originations

ARMs Making Up Larger Portion of Credit Unions Mortgages in Rising Interest Rate Environment

Recommended Just For You

News Stories

Special Report: Investments/Trusts

NCUA Meets, Reg Relief Returns

Pennsylvania Department of Banking Issues Positive Outlook for State-Chartered CUs

Top 50 Credit Unions in Investments Outstanding

John Largent Promoted to CIO at MEMBERS Trust

Rise in 401(k) Participation Slight Despite Employer Efforts

Agencies Still Investment of Choice