Items Tagged with 'modifications'


CU Magazine Announces 2011 CU Hero of the Year

CEO devotes his career to the financial needs of small-town North Carolina.
Maurice Smith, president/CEO of Local Government Federal Credit Union, Raleigh, N.C., has been voted Credit Union Magazine's CU Hero of the Year.
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Performance of Modified Loans Improves

FHFA releases third-quarter foreclosure prevention report.

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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Loan Modifications and Refinancings Continue to Increase

The overall volume of loan modifications increased 24% during the second quarter to nearly 171,200.
More than half of completed loan modifications in the second quarter lowered borrowers' monthly payments by more than 30%.
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