RIDGECREST, Calif. - (09/27/05) AltaOne FCU said it made $16million in new mortgage loans in July with a mortgage loan campaignbased on TVs hit Desperate Housewives show.The campaign, developed by Redbeard Communications, depicts anattractive house with a white picket fence and climbing roses. Eachad features one of four females resembling the DesperateHousewives cast. The melodramatic copy details the peril of gettinga home loan with another company and explains the benefits thatAltaOne offers. The campaign consists of local newspaper and radioadvertisements as well as statement inserts, teller signs, branchposters and graphics for the credit union's newsletter and Website. The print and branch materials are being repeated this monthdue to the campaign's success.
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This data release means another milestone for the use of updated credit score models than the current FICO Classic has been met by Fannie Mae and Freddie Mac.
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The Connecticut-based bank announced its release from a formal agreement with regulators. It is pushing to expand in wealthy areas such as Beverly Hills, California, and Palm Beach, Florida.
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The fintech said that Senior Vice President of Group Finance Hwa Tsao would become the company's interim chief financial officer effective Sept. 1 following the departure of CFO Ethan Tandowsky at the end of August. Separately, Gayathri Rajan will assume the role of chief product officer, effective immediately.
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The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.
July 1 -
A bill setting national standards for earned wage access programs passed the House Financial Services Committee in a 29-22 vote.
July 1 -
Courts in Sweden told Google to pay price comparison website and Klarna subsidiary PriceRunner nearly $2 billion after the court found that Google favored its own price comparison service. PriceRunner initially sought more than $8 billion in damages.
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