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Articles Tagged with 'foreclosure'

First-Quarter Loan Modifications, Refinancings Rise Significantly

June 23, 2010

Loan modifications and refinancings by Fannie Mae and Freddie Mac increased significantly during the first quarter as the volume of permanent modifications under the Federal Housing Finance Agency’s Home Affordable Modification Program tripled, and refinancings grew steadily.

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GAO Releases TARP Report

July 27, 2010
Since the Troubled Asset Relief Program was authorized, the U.S. Treasury Department has initiated a number of efforts under the program, disbursing $385 billion for loans and equity investments, according to testimony by the Government Accountability Office. READ MORE

Three-M Laws: Tolls On the Road to Foreclosure

November 01, 2010
New state statutes likely will lengthen the foreclosure process. READ MORE

Is There a (Juris) Doctor in the House?

November 15, 2010
Millions of mortgages have been shipped around the global financial system—sold and resold—without the documents that traditionally prove who legally owns the loans and the properties. 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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December Home Prices Hit Record Low for 2010

March 01, 2011
Sales of foreclosed properties dampened U.S. home prices. READ MORE

Life After Foreclosure

May 25, 2011
Consumers who defaulted only on their mortgages during the recession are far better credit risks on new loans than those who fell behind on multiple credit accounts. READ MORE

Counseling Helps Keep Foreclosures at Bay

January 21, 2013
Mortgage defaults are expected to remain elevated until 2016. READ MORE

Numbers Tell a Story

April 01, 2013
Can your CU become a character in the tale of the improving housing market? READ MORE
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Scenes from the 19th Annual CUNA CFO Council Conference

Gladwell: CUs are David to Banks’ Goliath

Recent Discussion

In remembering Warren, the first thing I think of was his smile. He was a gentle, caring man who always thought of others first. I was honored to be a part of the MiOpportinidad project with Affinity Credit Union, Warren and Miriam. His hard work and dedication to that project was inspirational. Warren so deserves this award.

The author really understands the credit union philosophy and I really enjoyed the analogy of his bathroom remodel. The only thing missing was pictures of the finished bathroom! :)

Thank you Phillip for showing the differences between a Big Bank that is only looking to sell you products and a Credit Union that actually looks out for its members needs. Great article!

I love and give a standing ovation to Ron Kase and to other caring people just as much as those who passed away on 2012 like Warren Morrow at Des Moines Iowa. He worked hard for those who are under-served an under-represented, but wasn't mentioned in your magazine. It may be beneficial for the entire world to know about his accomplishments no for his benefit, obviously, but to increase the number of positive and caring people and to add members the CU. Just ask Coopera Consulting at Des Moines Iowa about Warren Morrow's legacy.

That’s right Lisa. The servicing rule would not require a credit union to create its own policies and procedures if all aspects of the servicing are delegated to a sub-servicer. However, remember that the credit union will have to conduct due diligence on the sub-servicer to make sure it is following the minimum requirements for policies and procedures. Unfortunately, even those credit unions that use a third party servicer will need to have a working knowledge of the CFPB’s servicing rule.

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