ACUMA Community

To: All ACUMA Participants FR: Gary Oakland and Joe Brancucci RE: CU HARP We hope all of you have had the opportunity to review the CU HARP, NCUA’s and the CLF’s answer to the Housing RoundTable’s Member Mortgage Relief Initiative. This is a quick poll to determine your level of interest in HARP (HARP...

I have received several emails inquiring about the details of the CU HARP proposal announced by the NCUA. What do you think? What does your CU need/want? Based on comments posted here perhaps we can stimulate a plan of action consistent with the original proposal created by the CU Housing Round Table...

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 CEO and the marketing department is key. We have...

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 while mitigating risk. "We're giving consideration...

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 (Part 723.6 g) for Member Business Loans. While...

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 out any credit unions that have been successful...