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All Blog Posts
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ACUMA member Tim Mislansky, SVP of Wright Patt Credit Union and President of myCUSO in Fairborn, Ohio would like to know...How many CUs are signing the Treasury agreement to participate in the modification program for portfolio loans? Please post your...
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This questions was submitted by ACUMA Member Glen Ogden, from Appleton, WI. "I just spent three days in Chicago at the MBA Secondary Conference. Correspondent mortgage companies are hurting for warehouse lines and most banks are simply not offering...
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The following question was submitted by ACUMA Member Leslie Creech from Virginia CU in Richmond VA. Section 32 of Reg Z is changing beginning October 1, 2009. We will no longer use the Treasuries + 8% test – it will change to the Freddie Mac PMMS +1.5...
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The following question was presented by ACUMA Member Phil Poehler, from Prevail CU in Seattle, WA. I am seeking feedback as to methods and accointing procedures to book in our “servicing retained premiums” on loan sales to Fannie Mae? Any direction you...
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The following question was submitted from ACUMA Member Nathan Lombard from Redstone FCU in Huntsville, AL. Will most Credit Unions will be able to use the exemption of not having absolute lines of independence due to our limited staff size? I am trying...
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Tim Sciborski, SVP Community First Credit Union in Appleton, WI writes... "We have always been a strong mortgage lender but this year has seen an increase in market share. The opportunity exists. All you have to do is go for it! The support of your...
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Tim Mislansky, Senior Vice President - Wright-Patt Credit Union President - Wright-Patt Financial Group would like to ask the following question... In order to continue to make high LTV loans his CUSO is looking for new programs that achieve their goal...
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This subject was submitted by Doris Ortiz, Vice President - Lending CBC FCU in CA. Doris asks... "In our last exam the NCUA required that we create a policy and start monitoring non-owner occupied real estate loans according the regulatory requirements...
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The following question was submitted by Victor Petroni, SVP Lending, First New England FCU and President, Mortgage Markets CUSO, LLC. My question has nothing to do with the CU 1st mortgage penetration issue although I think it is a good one! I am seeking...
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