NEW YORK–Goldman Sachs has become the largest buyer of severely delinquent home loans from Fannie Mae over the past 18 months, and has acquired nearly two-thirds of $9.6 billion in loans the agency has auctioned. The reason could be related to the settlement with the federal government.
CARLISLE, Penn.—Cornerstone FCU and Belco Community CU are confident their merger plans will be approved by NCUA.
WASHINGTON—A congressional hearing on why it’s so difficult to start up financial institutions at which a credit union CEO had been scheduled to appear has been rescheduled for this week. The hearing was cancelled last week due to weather.
SEATTLE–Home prices were up 7.2% in February, marking 60 consecutive months of annual increases since home prices bottomed in early 2012, according to new data released by Redfin.
TRAVERSE CITY, Mich.—4Front Credit Union here has been ordered to pay $1.132 million in damages to John M. Floyd & Associates, the Texas-based provider of overdraft services to credit unions.
TALLAHASSEE, Fla.–Florida Conference AME Church FCU here has been liquidated by NCUA, with Pensacola, Fla.-based Gulf Winds FCU assuming the members and deposits.
ALEXANDRIA, Va.–CUSOs will have until March 31 to complete their annual required reaffirmation with the National Credit Union Administration’s CUSO Registry, the agency said.
AUSTIN, Texas–Another store has opened in the Credit Union Mall. FirstClose, a national aggregator of industry-leading real estate settlement services for home equity and refinance lenders, is the latest to open up in CUToday.info’s Credit Union Mall.
WASHINGTON—The number of illegal immigrants crossing into the United States from Mexico declined by 40% from January to February, according to a report in Reuters.
MONETT, Mo.– Jack Henry & Associates has announced the availability of JHA Online Financial Management powered by Geezeo.
