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Articles Tagged with 'mortgage'
More Mortgage Changes on the Horizon
April 15, 2013
The new rules already dominate compliance planning for the next year, but CUs must save capacity for potential disclosure changes.
Lose the Recessionary Mindset, but Monitor Housing Market Closely
April 13, 2013
High liquidity, low rates, and still-steep unemployment make the competitive landscape as challenging as ever.
Mortgage Lenders Prepare For June 1
April 01, 2013
The bulk of the new mortgage rules won’t take effect until next year
Beware Mortgage Servicing Rule Pollyanna
March 22, 2013
Collective sigh of relief over small servicer exemption is premature.
Earnings Back to ‘Normal’ Range
March 07, 2013
Average net income for credit unions in 2012 will be about 90 basis points of average assets.
CFPB Adds to Stack of Mortgage Rules
February 28, 2013
In mid-January, the CFPB opened the floodgates, and mortgage lending rules began gushing out.
Overheard at GAC: How Did You Help Members During the Recession?
February 25, 2013
CUs offer loan adjustments, tried-and-true service to help members through tough times.
Compliance Raining on CUs’ Mortgage Parade
February 06, 2013
It is an era of mixed blessings for CUs and consumers.
Teamwork, Sales Focus Lead to Mortgage Success
January 22, 2013
Incentives, competitive rates, new products, and community partnerships, also grow loan volume.
Counseling Helps Keep Foreclosures at Bay
January 21, 2013
Mortgage defaults are expected to remain elevated until 2016.
Credit Union Magazine
September 2014 digital edition
Q&A: How Technology Shapes CU Branch Design
Plan Your Deposit Pricing Strategy Before Rates Rise
Q&A: Staff Functionality Dictates Modern Branch Design
Mitigate Subprime Lending Risk: Nine Steps
Four ‘Must Haves’ for Mobile Pay Technology
While I thought that the premise of the article was good, I found one point very disturbing. It is that the Visions FCU ages people off their board at age 70. I found that really offensive. It perpetuates what I believe to be the regrettable marginalization of elders in our society, and the often erroneous assumption of debility and decline after a certain chronological age. Lots of folks over 70 are leading dynamic and viable professional lives and contributing to our society. How about Warren Buffet, a number of Supreme Court Justices, Jimmy Carter, the late Nelson Mandela and the late Maya Angelou, to name but a few, along with scads of writers, academics, performers, artists, and often our friends, neighbors and colleagues. If Visions wants new people on their board, it seems as though the term limitations and a nominating committee can accomplish that without aging all people off at age 70. I think that’s so insulting. And if those were paid employment, it would be illegal. I do wish you’d have picked a different credit union to profile---one that perhaps does many of the same things, without the arbitrary age exclusion. There have to be others out there.
David, good point about the "recovering comfortably" comment. That was an editorial addition--which I'll remove.
Many good points but too rosy? Will the "Federal Reserve raise short-term interest rates 1% per year for the next three years, starting in 2015—“probably next year at this time” ? I have heard from other economist that the US government will go bankrupt if that happens due to the QE the fed has done for several years. Also it seems an exaggeration to say “We survived a heart attack,now the economy is recovering comfortably." Comfortably recovering is too ignore the economic stress that many members still live with daily that will eventually affect many credit unions.
Karan, Great article and insight. I would also recommend that you start getting those credit cards into the hands of the youth BEFORE they are in college. One of the best ways to reach this young generation is through mom and dad. Before the student goes to college, get them started with a credit card (even if mom and dad are joint on it). It's never too early to start marketing credit cards. Mark
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