Economy News
 The past week's mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey (PMMS), for 30 year fixed-rate mortgages remained below 5.00 percent at 4.83 percent and an average 0.7 ...
 TransUnion's results of its analysis of trends in the mortgage industry for the third quarter of 2009 and the associated impact on the U.S. consumer was culled from approximately 27 million anonym...
 The National Credit Union Administration (NCUA) closed Ensign Federal Credit Union of Henderson, Nevada, on November 13, 2009 and authorized the purchase and assumption (P&A) of member share accounts ...
 The Federal Deposit Insurance Corporation (FDIC) took over 3 banks on Friday, November 6, 2009. These closings bring the total for the year to 123. The banks closed are located in California and Flori...
The past week's mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey (PMMS), for 30 year fixed-rate mortgages remained below 5.00 percent at 4.91 percent and an average 0.7 ...
The Federal Deposit Insurance Corporation (FDIC) took over 5 banks on Friday, November 6, 2009. These closings bring the total for the year to 120. The banks closed are located in California, Georgia,...
The past week's mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey (PMMS), for 30 year fixed-rate mortgages dropped below 5.00 percent again to 4.98 percent and an average...
The Federal Deposit Insurance Corporation (FDIC) took over 9 banks on Friday, October 30, 2009. These closings bring the total for the year to 115. The banks closed are located in Arizona, California,...
The National Credit Union Administration was appointed liquidating agent of the Second Baptist Church Credit Union of Los Angeles by the California Department of Financial Institutions on October 28, ...
The past week's mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey (PMMS), for 30 year fixed-rate mortgages average 5.03 percent and an average 0.7 point for the week endi...
The Federal Deposit Insurance Corporation (FDIC) took over 7 banks on Friday, October 23, 2009. These closings bring the total for the year to 106. The banks closed are located in Illinois, Minnesota,...
The National Credit Union Administration assumed control of operations at First Delta Federal Credit Union of Marks, Mississippi. The National Credit Union Administration’s goal is to continue credi...
The past week's mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey (PMMS), for 30 year fixed-rate mortgages average 5.00 percent for the week ending October 22nd. This is ...
 President Obama announced the Homeowner Affordability and Stability Plan on February 18, 2009, a comprehensive plan to stabilize the housing market by supporting low mortgage rates, providing alternat...
 The Federal Deposit Insurance Corporation (FDIC) took over one bank on Friday, October 16, 2009. This closing brings the total for the year to 99. The bank closed was San Joaquin Bank, Bakersfield, Ca...
The past week's mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey (PMMS), for 30 year fixed rate mortgages averaged 4.92 percent for the week ending October 15th. This is...
The past week's mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey (PMMS), for 30 year fixed-rate mortgages average 4.87 percent for the week ending October 1st. This is a...
The Federal Deposit Insurance Corporation (FDIC) took over 3 banks on Friday, October 2, 2009. These closings bring the total for the year to 98. The banks closed are located in Colorado, Minnesota, a...
Members of West Texas Credit Union of El Paso, Texas and The Members’ Own Federal Credit Union of Victorville, California are now being serviced by other credit unions after both credit unions'...
The past week's mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey (PMMS), for 30 year fixed rate mortgages average 4.94 percent for the week ending October 1st. This is a...
 Home sales in August increased, but at a much slower pace than the previous couple of months. Sales of new one-family houses in August 2009 were at a seasonally adjusted annual rate of 429,000, accord...
The Federal Deposit Insurance Corporation (FDIC) took over the 95th bank this year, the 19th in Georgia. Georgian Bank, Atlanta, Georgia, was closed on Friday, September 25, 2009 by the Georgia Depar...
The National Credit Union Administration (NCUA) became the liquidating agent of Clearstar Financial Credit Union, in Reno Nevada, following the Nevada Division of Financial Institution’s decision to...
Keys Federal Credit Union of Key West, Florida has been placed into conservatorship by the National Credit Union Administration (NCUA) on September 24, 2009. NCUA plans to continue credit union operat...
The past week's mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey (PMMS), for 30 year fixed rate mortgages average 5.04 percent for the week ending September 24th. This i...
Another credit union has been closed by the National Credit Union Administration (NCUA). Comunidades Federal Credit Union of Los Angeles, California, was closed on Tuesday, September 22 with assumptio...
Two more banks were closed by regulators on Friday, September 18th. The banks closed were 2 units of Irwin Financial Corporation. The banks closed include Irwin Union Bank, F.S.B., Louisville, Kentuc...
The past week's mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey (PMMS), for 30 year fixed rate mortgages average 5.04 percent for the week ending September 17th. This i...
Three more banks were closed by regulators on Friday, September 11th. The banks closed were Venture Bank, Lacey, Washington, Brickwell Community Bank, Woodbury, Minnesota, and Corus Bank, N.A., Chica...
Weekly mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey (PMMS), for 30 year fixed rate mortgages average 5.07 percent for the week ending September 10th. This is a small dip...
 The number of credit unions is shrinking, but the number of members served is steadily on the rise. It's a long-term trend that may see an up tick due to a bumpy economic recovery.
Forty years...
The Federal Deposit Insurance Corporation (FDIC) took over 5 banks on Friday, August 21, 2009. These closings bring the total for the year to 89. The banks closed are located in Arizona, Illinois, Iow...
Weekly mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey (PMMS), decreased to 5.08 percent for the week ending September 3, 2009. This is a reverse from last week's incre...
 The second credit union in less than a week was closed on August 31, 2009. The National Credit Union Administration (NCUA) was appointed liquidating agent of Kaiser Lakeside Credit Union of Oakland, C...
 The Federal Deposit Insurance Corporation (FDIC) took over 3 banks on Friday, August 28, 2009. These closings bring the total for the year to 84. The banks closed are located in California, Minnesota,...
 Free Choice Federal Credit Union, located in Feasterville, Pennsylvania, was closed by the National Credit Union Administration (NCUA) on Friday, August 28, 2009. Prior to closing, the credit union se...
 Weekly mortgage rates, monitored by Freddie Mac’s Primary Mortgage Market Survey (PMMS), decreased to 5.14 percent for the week ending August 27, 2009. The 30 year fixed rate mortgage average was up...
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