Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Hyland touts four Cs of good lending
ALEXANDRIA, Va. (7/14/08)—Credit unions have an opportunity to be a trusted lender to members in these times of economic uncertainty, said National Credit Union Administration (NCUA) board member Gigi Hyland last week, but they need to adhere to principles of good lending. Hyland noted in a release that she represented her agency at the Federal Deposit Insurance Corporation (FDIC) forum on strategies for promoting responsible, sustainable mortgage lending for low- and moderate-income (LMI) families. That forum was held in Arlington, Va. on July 8. "Getting back to basics in mortgage lending by adhering to solid underwriting standards and following the four ‘Cs’ of good lending -- commitment, credit, collateral and capital -- were key themes of the day,” Hyland said. She encouraged credit unions stick to “time-tested” lending principles. Hyland noted Mortgage Bankers Association predictions that mortgage originations may decline by 18% in 2008 and by 11% in 2009. Use the resource link below to access a webcast of the forum and a follow-up meeting addressing strategies to encourage mortgage lending.
Other Resources

RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
22 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
1 Day ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
1 Day ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
1 Day ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
1 Day ago