Articles Tagged with 'loan'

New Service Brings Together Loan Buyers and Sellers

January 25, 2011

CUSO's online marketplace makes it easy for financial institutions to find each other and conduct business directly.

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Fed Issues Final Mortgage Rules

January 10, 2011
Final rule applies to all consumer mortgages secured by the borrower’s principal dwelling, whether the transaction is a closed-end mortgage or a home equity line of credit. READ MORE

Performance of Modified Loans Improves

December 21, 2010

Loans modified during the last three quarters are performing substantially better three months after modification, compared to loans modified in earlier periods.

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Community Partners and Leaders

December 01, 2010
Get involved and understand your community values, CUs say. READ MORE

Five Plead Guilty to $5 Million Mortgage Fraud

November 16, 2010
Fraudsters built homes that were appraised for significantly more money than they were worth, sold to straw buyers, and eventually placed in foreclosure. READ MORE

Lender Pleads Guilty in $80 Million Ponzi Scheme

September 22, 2010
A 40-year-old Lakeville, Minn., man pleaded guilty in federal court to operating a Ponzi scheme that defrauded at least 17 lenders out of $79 million. READ MORE

Student Loan Default Rates Increase

September 21, 2010
U.S. Secretary of Education Arne Duncan announced that the fiscal year 2008 national student loan default rate is 7%, up from 6.7% as of fiscal year 2007. READ MORE

Loan Modifications and Refinancings Continue to Increase

September 17, 2010
More than half of completed loan modifications in the second quarter lowered borrowers' monthly payments by more than 30%. READ MORE

A Tale of Opportunities

August 30, 2010
How might Charles Dickens's sage narrative apply to credit unions today? It's easy to focus only on the difficulties credit unions face right now. Afterall, there are many reasons for gloom. READ MORE

FBI Mortgage Fraud Takedown Nets 500 Arrests

June 25, 2010

“Operation Stolen Dreams” has led to 485 arrests, 330 convictions, and the recovery of $11 million.

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CU Mag cover July 2014

Credit Union Magazine

July 2014

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