Lending

CU Embraces 'Make Sense' Approach to Lending

June 23, 2010

When Lyle Wermund determines whether to modify a mortgage, he asks one key question: Does the loan make sense?

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'Put a Pulse' to Every Loan

June 20, 2010
"Go to work." That's Wayne Vann's nonsense-free approach to running a credit union during times of financial distress. READ MORE

Sales Events Put Auto Loans in Overdrive

June 10, 2010
A recent auto sale at $1.4 billion asset Nassau Educators Federal Credit Union (NEFCU) yielded three times the usual application volume with an 89% approval rate. READ MORE

Gift Card Compliance Begins in August

June 01, 2010
This spring, the Federal Reserve Board amended Regulation E to implement the gift card provisions of the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009. READ MORE

How to Run a Successful Auto Sales Event

May 26, 2010
A recent auto sales event yielded three times the usual amount of applications. READ MORE

Mortgage Fraud Continues to Climb

May 14, 2010
Reported incidents of mortgage fraud and misrepresentation by professionals in the mortgage industry grew 7% from 2008 to 2009, according to The 12th Periodic Mortgage Fraud Case Report  from the Mortgage Asset Research Institute , a LexisNexis® service. “While this is a noticeable increase, we believe that mortgage fraud is... READ MORE

Five Mortgage Fraud Schemes

May 14, 2010
There are a variety of schemes by which mortgage fraud can take place—sometimes involving staff inside the financial institution. The Federal Financial Institutions Examination Council  warns financial institutions to be on the watch for these common mortgage schemes: 1. Buy and bail This scheme typically involves a borrower who is... READ MORE

Beggs on the Market: Vehicle Prices Stabilize

April 29, 2010
After five consecutive weeks of auto price gains and nine weeks of truck price gains, vehicle pricing is showing signs of stabilization, says Ricky Beggs, vice president and managing editor for Black Book USA, a Gainesville, Ga., publisher of electronic and print valuation guides. Each week, Black Book representatives attend... READ MORE

Avoid Collateral Damage

April 26, 2010
When auto loans go bad, collateral-management tools help CUs pick up the pieces. In today’s tough economy, when many people are defaulting on car loans, you’d expect auto repossession agents to be rolling in clover. But they’ve also run into tough times. “Just when you’d think there... READ MORE
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