DETROIT–The mortgage and home buying markets continue to be hot, but many American cities are increasingly comprised of renters.
Fresh Today
ST. PETERSBURG, Fla.—PSCU has named Brian Scott as its new SVP of Sales and Solutions Consulting.
COUNTY GALWAY, Ireland–Four credit unions here have banded together to create a product aimed at helping the 13,000 farmers in the market, most of whom raise livestock. The credit unions–Ballinasloe, Gort, Loughrea and Tuam–are offering the “Cultivate Package” with loans of up to €50,000, according to the Connacht Tribune.
RANCHO CUCAMONGA, Calif.—CO-OP Financial Services announced it has acquired Des Moines, Iowa-based TMG, and is restructuring its leadership team in the process.
INDIANAPOLIS–The bankruptcy trustee here responsible for unwinding the assets of the defunct ITT Educational Services has filed suit against five credit unions over a joint loan program.
WASHINGTON–Despite the partisan divide in Congress, one Democrat and one Republican are reaching across the aisle in an attempt to resolve the question of what to do about Fannie Mae and Freddie Mac.
VENTURA, Calif.—National Credit Union Youth Month and National Financial Literacy Month have kicked off, with numerous related initiatives ranging from new CU-backed TV programs to resources from NCUA to efforts at local credit unions.
WASHINGTON–David Motley, CEO of CU Members Mortgage and the chairman-elect of the Mortgage Bankers Association, testified before Congress that regulatory impediments have imposed unnecessary burdens on mortgage banks and restricted credit to vulnerable consumers.
SAN ANTONIO–Here’s what three small credit unions say they are doing to make themselves appear much larger in their communities.
NEW YORK–A federal judge has ruled that Wells Fargo & Co must face litigation related to claims over billions of dollars of investor losses due to its role as trustee overseeing residential mortgage-backed securities (RMBS).