IRVINE, Calif.–Public records data show that the dollar volume of all mortgages – purchase and refinance combined – originated in 2016 was nearly $2 trillion, a 15% increase over the 2015 origination amount, according to analysis released by CoreLogic.
MADISON, Wis.—Credit union loan balances rose 1% in June, slower than the 1.2% pace reported in June 2016, due to slower growth in used-auto loans (0.3% vs 1.3%) and adjusted-rate first mortgages (-2.2% vs -0.8%), according to CUNA Mutual Groups latest Trends Report.
NEW YORK—Americans are increasingly delinquent on their credit card debt, as credit card delinquencies have increased in recent months.
SEATTLE—Will a move by Amazon force more issuers to consider debit rewards?
WASHINGTON—Members of the Federal Financial Institutions Examination Council have released new Home Mortgage Disclosure Act examiner transaction testing guidelines for all financial institutions – including credit unions – that report HMDA data.
ARLINGTON, Va.—Credit unions can use a new NAFCU-developed calculator to help them estimate their 2017 rebates if the Temporary Corporate Credit Union Stabilization Fund is closed this year, as has been proposed by the NCUA.
ST. PETERSBURG, Fla.–For the sixth consecutive year, PSCU said it is inviting credit unions to “bring their leading-edge thinkers” to compete in its innovation marathon, KnockOut.
ORCUTT, Calif.–The suspect in the robbery of a credit union has been shot and killed by police. Police said that Robert Earl Adams, 30, was identified as the suspect in the robbery and was shot by a sheriff’s deputy after being confronted. He was transported to Marian Regional Medical Center, where he died of his injuries.
SCHRIEVER AIR FORCE BASE, Colo.–A branch of Ent Credit Union here has been named the winner of the 2016 U.S Air Force Distinguished Credit Union Service Award in the “greater than $1 billion in assets” category.
MADISON, Wis. - CUNA Mutual Group has been recognized as one of the most reputable insurance companies in the United States, by Reputation Institute.
