Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Inside Washington (08/14/2008)
* WASHINGTON (8/15/08)--The Federal Deposit Insurance Corp. (FDIC) has the opportunity to test its loan modifications strategy with IndyMac, according to industry observers. At the time of its failure, IndyMac serviced 740,000 mortgages worth $184 billion (American Banker Aug. 14). About 60,000 borrowers are behind on their payments by two months or more, said John Bovenzi, senior FDIC official and IndyMac chief executive. The agency placed a foreclosure ban on the loans IndyMac still owns to attract maximum value for the $15 billion portfolio, said Michael Krimminger, adviser for FDIC Chairman Sheila Bair. The FDIC plans to classify the loans based on their modification potential and then systematically restructure them, he said ... * WASHINGTON (8/15/08)--Larry Giesing, former president of Neighbors CU, St. Louis, is now treasurer for Rep. Russ Carnahan’s congressional campaign after retiring from the credit union (CourierNet Aug. 13). Carnahan (left) is a co-sponsor of the Credit Union Regulatory Improvements Act. Working on Carnahan’s campaign reinforces the importance of supporting credit union friends in elected office, Giesing told the Missouri Credit Union Association. (Photo provided by the Missouri Credit Union Association) ...


RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
23 minutes ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
2 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
4 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
4 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
6 hours ago