PORTLAND, Ore. - (06/08/06) TitleAuctions, an autoremarketing firm for credit unions, announced Tuesday has hasdecided to use the Black Book as its preferred source of valuationof credit union repossessed collateral. The company said it willrecommend Black Book to its credit union customers for colateralvaluation and begin using the Black Book to track credit unionauction results. In addition, TitleAuction will integrate the BlackBook into its credit union training on setting market-based floorprices for remarketing and repos.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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The conviction of a fraud ring mastermind highlights growing risks in home equity lines of credit as equity-rich borrowers become prime targets.
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