In its 2006 Mortgage Focus report, Fannie Mae analyzed empirical data to provide insights on critical industry metrics and trends changing the way mortgage business will be done in the future. According to the study's findings, credit unions continued to shift their originations to second liens. In 2003, refinances accounted...

Altura Credit Union, Riverside, Calif., has named two new managers, Olivia Grimke has been named regional sales manager, and Brenda Grenon has been named retail branch manager. LBS Financial Credit Union, Long Beach, Calif., has promoted Erin Corbitt to vice president/office manager of its Los Altos area office and Erin...

Less than two weeks after Armando Cavazos retired from Credit Union ONE, Gary Moody has been named the new president/CEO effective immediately, the credit union said Nov. 7.

Fair Isaac Corporation said that a recent study has found that its FICO Expansion alternative credit score tool can help lenders judge the credit worthiness of applicants who have no other credit history.