Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (12/09/2008)
* WASHINGTON (12/10/08)—Comptroller of the Currency John Dugan said this week that data from banks show that more than half of the borrowers who got loan modifications in the first three months of the year were again delinquent by 30 days just six months after their terms were changed. (The New York Times Dec. 9) Dugan said one had to be careful about drawing conclusions from the data and added it was not clear why the re-default rates were so high. He suggested that perhaps some loans are so poorly underwritten that no modification is sufficient to help the borrowers forestay foreclosure…


RSS





print
News Now LiveWire
Registration lottery for #CreditUnion #CherryBlossom Ten Mile Run opens Monday, Dec. 1 http://t.co/AGkKPof5Fy. Race is April 12
4 hours ago
The turkey hasn't even been served and #creditunions are already making plans for #GivingTuesday
5 hours ago
.@bankofamerica's $16.65 billion 'toxic mortgage' settlement finalized http://t.co/BIq1QyImXG
7 hours ago
RT @CUNA: #NussleReport: ICYMI: Revised RBC proposal in January w/a 90-day comment period #Fix RBC http://t.co/T4JcvWBDse
9 hours ago
.@TheNCUA release on Nov. prohibition orders out already. Here: http://t.co/YkA1QIYbYa
9 hours ago