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WASHINGTON – The number of delinquent mortgages rose while foreclosures also jumped in the third quarter, according to a report released Wednesday by federal regulators.
December 29 -
SAN JOSE, Calif. – Mortgage technology developer Calyx Software has acquired Loan-Score Decisioning Systems Inc., which offers a product and pricing engine, an automated underwriting system, and an eligibility decision aid for Federal Housing Administration loans.
December 28 -
NEW YORK – Ally Financial Inc. has agreed to pay $462 million to settle buyback claims on $292 billion in home loans that it sold to Fannie Mae in the period before the meltdown in financial markets and the resulting tightening in underwriting standards.
December 28 -
HARRISBURG, Penn. – Credit unions belonging to the Pennsylvania CU Association will receive a total of $500,000 in a “loyalty rebate” from the league’s CUSO.
December 28 -
DAYTONA BEACH, Fla. – Two men have been arrested here and charged with felonies after stealing an ATM from the Daytona Beach News-Journal building.
December 28 -
SYRACUSE, N.Y. – Empower FCU here is paying $2.5 million in “give-back” bonus dividends to reward members for a successful year.
December 28 -
DALLAS – Jim Brisendine, CEO of Resource One CU here, is missing his hair after the credit union met an ambitious loan goal.
December 28 -
HOUSTON – Unprecedented revenue pressure from increasing regulation will eliminate free checking at many credit unions next year.
December 28 -
NEW YORK – The National Federation of Community Development Credit Unions is pursuing three projects with a goal of improving the lives of the disabled, elderly and those relying on payday loans, respectively.
December 28 -
NEW YORK – New housing data released as part of Standard & Poor’s S&P/Case-Shiller Home Price Index found that home prices fell 1.3% in October in its 20-city composite survey.
December 28 -
WASHINGTON – The Federal Reserve Board’s proposed debit card interchange rules would slash issuers’ revenue by $11.8 billion, cutting large issuers’ debit card revenue by 73% per transaction on average and making debit cards “significantly unprofitable,” according to a new report.
December 28 -
ALEXANDRIA, Va. – NCUA is reminding that the initial period for federal registration of residential mortgage loan originators under the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) is expected to begin on or around Jan. 31, 2011, and end on or around July 29, 2011.
December 27 -
WASHINGTON – State-chartered credit unions are being reminded that they will become subject to Federal Trade Commission (FTC) enforcement of the Fair and Accurate Credit Transactions Act (FACTA) red flag rules on Dec. 31.
December 27 -
ST. LOUIS – David Barton, CEO of Gateway Metro FCU here, has announced plans to retire in January.
December 27 -
PORTLAND, Ore. – The $2.9-billion OnPoint Community Credit Union has become the title sponsor of the OnPoint Community Credit Union Celebrity Spelling Bee.
December 27 -
ANN ARBOR, Mich. – Member satisfaction with their credit unions has taken a slight dip in a new poll.
December 27 -
WASHINGTON – Analysts are suggesting that after a brutal legislative fight this year, the Consumer Financial Protection Bureau may prove to be the most important agency to watch in 2011.
December 27 -
WASHINGTON – Regulators may have dealt a fatal blow to H&R Block Inc.’s tax-refund loan program through its main partner, HSBC Holdings PLC.
December 27 -
NEW YORK – The number of troubled banks continues to rise.
December 27 -
WASHINGTON – If the economy has taught economists any lessons this year and last, it’s that you can’t hold onto any longstanding assumptions about economic or consumer behavior.
December 27