Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Rejected for home loans Try CU says Conn. league
SEATTLE (3/13/09)--About half of all mortgage applicants are being turned down, according to the Mortgage Bankers Association, and acceptance rates on refinancings have dropped 10 percentage points. But consumers who are members of credit unions should check with their credit union, the Credit Union League of Connecticut said. In an article in The Seattle Times (March 8), Marilyn Kennedy Malia of Bankrate.com wrote about the dilemma. Tony Emerson, president of the Credit Union League of Connecticut, noted that members can look for loans at their credit unions. Credit unions may be more forgiving, and some credit unions judge loan eligibility based on the unique relationship they have with their members, he said. He noted many offer memberships to employees of companies and would know more about a member's job stability, he said. For the entire article, use the link.
Other Resources

RSS print
News Now LiveWire
Housing starts swell in July #NewsNow #Market http://t.co/EdKIhXEj9l
14 hours ago
Consumer inflation tapers after spring surge #NewsNow #Market http://t.co/bgvQd8fyuF
15 hours ago
Have you read this one today in #NewsNow? What NCUA examiners look for on cybersecurity efforts: NCUA Report http://t.co/4g5wUavUAe
16 hours ago
.@CFPB sets $2.75M fine v. auto finance co. it says "distorted consumer credit records for years": TX-based First Investors Fin. Serv. Group
17 hours ago
University, college #creditunions add fin ed to higher ed. See #NewsNow http://t.co/NsyshwHPhg
18 hours ago