-
WASHINGTON - If Fannie Mae's third-quarter report will be most remembered for a massive, if well-telegraphed, $29- billion net loss, also noteworthy was new data showing a huge spike in its acceptance of unsecured bridge loans designed to help delinquent homeowners avoid foreclosure.
November 14 -
McLEAN, Va. – Secondary mortgage market giant Freddie Mac said today it posted a $25.3 billion third quarter loss and needs more government aid.
November 14 -
MINNEAPOLIS – Fair Isaac & Co., the maker of the ubiquitous FICO score, reported a 16% decline in net income for its fiscal fourth quarter, amid a 10% drop in fourth quarter revenues.
November 5 -
DECATUR, Ga. – Harland Clarke Holdings said its acquisition of Data Management earlier this year helped it overcome the continued drop-off in its leading check-printing business, enabling it to post higher third quarter earnings.
November 5 -
MONNETT, Mo. – Jack Henry & Associates reported yesterday that net income for its fiscal first quarter declined 4%, to $22.5 million, or 26 cents a share, as income from continuing operations fell by 5%.
November 4 -
PURCHASE, N.Y. – MasterCard yesterday reported a third quarter loss of $193.6 million due to a $515.6 million after-tax charge for its share of a settlement of an antitrust suit with Discover Financial.
November 3 -
SALT LAKE CITY – Losses are starting to spread to credit unions on otherwise healthy market, with several Utah credit unions, including the state’s second largest, Mountain America CU, reported a whopping $22.2 million loss for the third quarter.
November 3 -
LAS VEGAS-With many CUs across the country awash in red ink, Nevada FCU is one of the bright spots with positive ROA and net income, despite its being located in one of the hardest hit states in the nation.
October 31 -
LAS VEGAS-Tourists are taking "staycations" rather than flocking to this gambling mecca in their usual numbers, resulting in layoffs at casinos, hotels and restaurants here in Glitter Gulch-and those layoffs strike at the heart of WestStar CU's field of membership-gaming industry employees.
October 31 -
LAS VEGAS-The last time Cumorah CU experienced delinquencies and foreclosures in large numbers, terrorists had wrecked the U.S. economy by highjacking planes and flying them into buildings.
October 31 -
RENO, Nev.-Many financial industry experts have spent recent months saying credit unions have an opportunity to grab market share during these troubled times, but public awareness of CUs' strength seems to be lagging-making Great Basin FCU's two-pronged marketing approach a standout.
October 31 -
SAN DIEGO-The greater difficulty of economic forecasting has only made it more difficult to run a credit union, according to Irene Oberbauer, CEO of the $4-billion San Diego County CU, who shared these thoughts on current management challenges.
October 31 -
SACRAMENTO, Calif.-The region around the Golden State's capital continues to struggle with a fractured housing market, rising unemployment and myriad other woes, and the head of one of California's largest credit unions believes conditions are worsening.
October 31 -
PASADENA, Calif.-The process of running a credit union is significantly more complex and time-consuming these days, thanks to a sharply increased need to monitor the overall economy.
October 31 -
SANTA ROSA, Calif.-Despite the big challenges facing credit unions, particularly those in housing bust markets like California, there is a real opportunity to hammer home the trust factor while building real loyalty, according to Brett Martinez, CEO of Redwood Credit Union.
October 31 -
WASHINGTON-With increasing portions of the $700-billion bailout package being earmarked for banks, credit unions are looking to develop a rescue plan of their own.
October 31 -
DALLAS-It wasn't hard to find the undercurrent of an Economic Forum here: how bad is it, and how long will the recession last?
October 31 -
CHANTILLY, Va. – Online Resources Corp. said it fell into the red for the third quarter to the tune of $1.5 million, or five cents a share, compared to a profit of $1.1 million, or four cents a share, for the same period last year.
October 30 -
NORTH CANTON, Ohio – ATM maker Diebold said yesterday that third quarter profits surged 65% due to a healthy increase in revenues and it’s ongoing cost-cutting.
October 30 -
DEARBORN, Mich. – DFCU Financial CU announced yesterday it plans to pay members a $17 million dividend for the third year in a row.
October 29
