BOSTON – Fears that a new wave of adjustable-rate mortgage rates resetting will set off another wave of home foreclosures likely will not be as severe as expected, according to new analysis by Aite Group.

NEW YORK – Had you been able to buy a home anywhere in the U.S. in the year 2000, where would you have seen the most appreciation?

NEW YORK – For the eighth consecutive month, home values showed an improvement in one analysis, but others show declines in what’s considered a bellwether for the economy.

BEAVERTON, Ore. – A credit union public funds bill was signed into law by Oregon Gov. Ted Kulongoski on Monday, removing the current $250,000 limitation on the amount of public fund deposits a credit union can receive.

ST. PETERSBURG, Fla. – PSCU Financial Services yesterday launched a new overdraft opt-in service that is part of the CUSO’s efforts to help credit union prepare for the changes to Reg E to be implemented July 1.

ALEXANDRIA, Va. – The application deadline for the U.S. Treasury Community Development Capital Initiative (CDCI) has been extended to April 30.

WASHINGTON – Though happy to have been given permission to extend its “recovery lending” program through April 30, the U.S. Small Business Administration is seeking a longer-term extension for the program.

ST. PAUL, Minn. – As much as 5% of all federal student-borrowers may be affected by an identity data breach at Educational Credit Management Corp. here, from which it is believed data on 3.3 million people with student loans may have been stolen.

CHARLESTON, S.C. – The entire nation will be welcomed into the home of South Carolina FCU COO Troy Hall this morning.

ONTARIO, Calif. – The Richard Myles Johnson (RMJ) Foundation, the state foundation for credit unions in California and Nevada, has provided five community service grants totaling $26,500 to three California CUs and two community organizations for financial literacy efforts.

DES MOINES, Iowa – As a result of passage of the CARD Act and its Aug. 22 compliance date, 95% of credit unions that issue cards in conjunction with TMG here have discontinued the authorization of overlimit credit card transactions, the company is reporting.

BROOKFIELD, Wis. – Fiserv has launched a bill payment widget that enables consumers to pay bills from within their online banking homepage.

ELKRIDGE, Md. – CRI Solutions has formed a new strategic partnership with Wycom Systems, Inc., a provider of solutions that improve check, receipt and document processing for businesses and financial institutions.

WASHINGTON – The Obama administration's latest foreclosure prevention plan got an “A” for effort from most observers, who said it targets the right group of borrowers – the unemployed and those whose mortgages exceed the value of their homes.

NEW YORK – Analysts are suggesting that the newest plans to further link pay and compensation at financial services firms to risk levels will face inherent limitations.

IRONDALE, Ala. – Corporate America CU’s case against former executives and directors at U.S. Central FCU appears headed for trial as U.S. District Court Judge Inge Johnson recently scheduled a date for Dec. 6.

JACKSONVILLE, Fla. – Saying it is tired of being “abused” by NCUA, one small credit union here is preparing what it plans to become a class-action lawsuit against the federal regulator.

LATHRUP VILLAGE, Mich.-It may be too soon to tell whether landmark reform will improve the healthcare system, but many in the CU community are expressing concern over the new law's ability to lower costs.

RALEIGH, N.C.-Success may be too much for some large credit unions, which are looking at drawing in the reins a bit because of the negative affects growth is having on their regulatory capital.

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