Credit Union Journal articles from June 2007

Credit Union Journal archives from June 2007

Life Beyond The Strip: What A Booming Las Vegas Has Meant To Area CUs.
June 4, 2007... LAS VEGAS -- CUNA will bring its America's Credit Union Conference here this week in large part because this city is sure to draw a crowd. But what many of those credit union visitors will never see beyond the airport, a taxi and their...

Member Account Nos., SSNs Mailed Out On Envelopes.(Social Security numbers )(Priority One Credit Union)
June 4, 2007... SOUTH PASADENA, Calif. -- Members' account and Social Security numbers were printed on the outside of envelopes mailed recently by Priority One Credit Union, based here. Priority One CU devoted a special page on its website for an...

Rescue Me: Landmark CU Is Trying To Save Its Members From Sub-Prime Lenders.
June 4, 2007... NEW BERLIN, Wis. -- Homeowners who have fallen victim to sub-prime mortgage lenders will soon be "rescued" by Landmark Credit Union through a new program credit union officials say is designed to save them from rapidly rising interest rates...

What's The Long-Term Forecast For CUs?(Survey)(Brief article)
June 4, 2007... A recent CU Journal Online Survey asked readers about the future of credit unions as cooperatives, and the results of that survey inspired our series in which stakeholders within and outside of the movement share their predictions. See page 12...

On Deadline.(briefs)
June 4, 2007... South Carolina CU Bill Awaits Gov. Approval COLUMBIA, S.C.-This state's credit unions are now awaiting Gov. Mark Sanford's signature on Senate Bill 235, which amends the South Carolina Credit Union Act in a number of ways. Among the...

Calif. Assemblymember Seeks Support For Data Breach Law: s speaks at.(Brief article)
June 4, 2007... SACRAMENTO, Calif. -- Legislation designed to hold retailers responsible for protecting consumer information has made its public debut. The author of the bill, Assemblymember Dave Jones (D-Sacramento), was joined by California CU League's...

CO-OP FS Expands Its ATM Network With New Partnership With Costco.(Brief article)
June 4, 2007... COLORADO SPRINGS, Colo. -- CO-OP Financial Services continued its expansion of its ATM network with an agreement announced last week with Costco, the warehouse retailer that has more than 300 stores nationally. "The demographics are...

STATE STAT-SHOT.(Brief article)
June 4, 2007... Throughout 2007, the Credit Union Journal is profiling the credit unions of each U.S. state and D.C. Rather than appear in alphabetical order, the states are being featured in the order they became states. ALABAMA Number of credit...

CUs May Have One Thing In Common With Animated Hit Movie.(Survey)(Brief article)
June 4, 2007... HOLLYWOOD -- Credit unions share at least one thing in common with the animated hit "Shrek the Third": some of their members apparently resemble the green ogre who stars in the film. CU Journal asked its readers about the "Shrek" movie in a...

Worth Noting.(briefs)
June 4, 2007... Owens To Succeed Tippets at AAFCU FORT WORTH, Texas-The $4.3-billion American Airlines FCU has named Angela K. Owens as president. John Tippets, the current president and CEO, will retain the CEO title. The credit union said it made the...

Don't Complain About Check Cashers-Steal Their Business.
June 4, 2007... GROTON, Conn. -- While some credit unions bemoan the growing check-cashing industry, one credit union has taken an "if you can't beat 'em, join 'em" approach, generating new income and new members in the process. Like a number of other...

Credit Unions In The Media.(Brief article)
June 4, 2007... SAN JOSE, Calif.-The San Jose Business Journal profiled an offer by Technology CU to work with the Vanished Children Alliance, an organization that helps parents find missing children. Technology CU is now including pictures of missing children...

Worth Noting.(briefs)
June 4, 2007... GPFCU Absorbs Insolvent CU WICHITA, Kan.-Communities United Credit Union, which was declared insolvent in mid-February by regulators and has been operated by NCUA since that time, is being absorbed in a merger with Great Plains FCU,...

Treasury Group Reviews GAO Study On CTRs.( Government Accountability Office )(Currency Transaction Reports )(Brief article)
June 4, 2007... WASHINGTON -- The Treasury Department conducted its 27th meeting of the Bank Secrecy Act Advisory Group (BSAAG) during which it reviewed a recent Government Accountability Office (GAO) study on Currency Transaction Reports (CTRs). CUNA, which...

CU Economists Featured At Southwest Corp. Forum.(Brief article)
June 4, 2007... PLANO, Texas -- Southwest Corporate Federal Credit Union's 30th annual Economic Forum will feature a trio of credit union economists Oct. 16-17 at the Embassy Suites Hotel and Convention Center in Frisco, Texas. NAFCU Chief Economist Tun...

AEA FCU's Disaster Plan Drill Benefits Food Bank.(Brief article)
June 4, 2007... YUMA, Ariz. -- AEA FCU's disaster planning drill here had a beneficial byproduct. With the launch of the credit union's first disaster notification communication chain, each individual in the communication chain, including board members, senior...

CUES School Of Public Policy Gets Excellent Rating.(Credit Union Executives Society )(Brief article)
June 4, 2007... MADISON, Wis. -- The Credit Union Executives Society said its School of Public Policy, formerly the Public Policy Institute, received 100% "excellent/good" ratings from attendees. The School of Public Policy offers a non-partisan look at on...

Westerra Represented At Auto Auctioneer Contest.(Brief article)
June 4, 2007... DENVER -- The World Automobile Auctioneers Championship had a credit union touch again this year. Dennis Eisenbrey, VP-asset recovery for Westerra Credit Union and its CUSO, Westerra Service, joined 13 other industry experts in judging 84...

Make Your Mother Proud And Write To Your Regulator Now.
June 4, 2007... Your mother may have raised you to send thank you notes, and for that you should send her a thank you (those online e-thank yous not only don't count, they're almost anti-thank yous). But even the most responsible and productive thank-you...

Calendar.(Brief article)(Calendar)
June 4, 2007... JUNE June 6-9 Louisiana CU League Annual Meeting & Convention, Sheraton Hotel, New Orleans, La. For info: Jennifer Green, 800-452-7221, ext. 3024. June 7-9 Nebraska CU League Annual Meeting & Convention, Embassy Suites,...

Searching For A New Name? Here's A Great Idea! So Which Of You Will 'Go' For It?
June 4, 2007... There's been a lot of news in the credit union industry lately about name changes. Some credit unions have changed their name, then changed it back. There are names tied to places. Names tied to the history of the credit union. And the latest...

United We Stand, Divided We Fall.(Letter to the editor)
June 4, 2007... I was just reading your article about the long term forecast for CUs (CU Journal, May 21). I think there is a future, but it will only be for the large credit unions. I am a manager of a small credit union in Upstate New York. We have served...

Reach Out And Touch Member With 'Thanks'.
June 4, 2007... During a recent conversation with a colleague the question came up, "When was the last time your financial institution called to thank you for your business and suggest that they would love the opportunity to do it again?" My associate...

Marketers Are From Venus, CEOs Are From Mars: The Only Thing Harder Than Rearing Children Or Caring For The Elderly? Managing Marketing Officers.
June 4, 2007... If it weren't for the great admiration of marketers, CEOs would probably ease their stress level and amount of medication just to simply say, "Do as I ask, and don't think." Other than rearing children and being a caretaker for the elderly,...

Marketers Are From Venus, CEOs Are From Mars: The Only Thing More Loathesome Than Meetings About Office Etiquette? CEOs Who Don't Know The Proper Care & Feeding Of Their Marketers.
June 4, 2007... It didn't take me hundreds of management meetings to learn that I'd rather stick a fork in my eye than have another conversation about who isn't cleaning up after themselves in the lunchroom. It is one thing that I know my CEO and I have in...

Trekking Onto myspace.com Is A Free, No-Risk Way To Reach Out To Youth Market.
June 4, 2007... HERSHEY, Penn. -- For one credit union, creating a page on the very popular myspace website was not designed as a venue for gaining new members, but instead as an educational tool. "I don't use it to get new members, but more as a way to...

Future Is Dismal If CUs 'Continue As Normal'.
June 4, 2007... MOSS POINT, Miss. -- Singing River Federal Credit Union CEO James B. Smith Jr. is both encouraged and worried about the future of credit unions? How the credit union industry operates during the next 10 years will determine how happy or sad...

What's The Long-Term Forecast For CUs?(Survey)(Brief article)
June 4, 2007... A recent CU Journal Online Survey asked readers about the future of credit unions as cooperatives (see chart below). The results of that survey inspired this series in which stakeholders within and outside of the credit union movement share...

Consumers, Small Businesses Are Counting On CUs To Step Up To The Plate.
June 4, 2007... INDIANAPOLIS -- Regarding the future, the need for credit unions now is as great or greater than ever. As we continue to see the mergers of community banks into regional and national networks, credit unions are increasingly the only locally...

GAO Study Shows Banks Not Hurt by CU Competition.(Government Accountability Office)
June 4, 2007... WASHINGTON -- Credit union profitability has remained almost flat since the height of the S&L crisis, 16 years ago, while the profitability for banks has surged since then, a new study released by the Government Accountability Office, the think...

Agenda.(Calendar)
June 4, 2007... Events NCUA outreach task force town hall meetings - June 6, New Orleans, July 16, Los Angeles. NCUA Office of Small CU Initiatives meetings - June 23, Albany; June 23, San Antonio; June 28, Chicago (c) 2007 The Credit Union...

People.(briefs)(appointments)
June 4, 2007... TNB Card Services, Dallas, named Kurt Schroeder vice president, account executive. Southwest CUNA Management School, Dallas, named John Hyche to its faculty. Consumers Credit Union, Waukegan, Ill., announced that John Coxon was...

Arizona League Names Earl CEO.(appointment of Scott Earl at Arizona Credit union League )(Brief article)
June 4, 2007... PHOENIX -- The Arizona CU League announced it has hired Scott Earl, former president of the Utah CU League, as its new CEO. Earl, who has been working as a vice president for special projects for CUNA the past two years, will succeed long-time...

Founders Remembers War Dead.(Founders Federal Credit Union )(Brief article)
June 4, 2007... CHESTER, S.C. -- Family and life-long friends of Logan Tinsley gathered here to remember the life of the Army Medic, the first resident to die in the Iraq and Afghanistan wars. Tinsley's name was etched in black granite along side 158 other...

CEO Retirement Prompts Merger.(Y.T.W. Community Federal credit union)(Brief article)
June 4, 2007... MECHANICSBURG, Pa. -- AmeriChoice FCU said it will merge with Y.T.W. Community FCU, which is losing its CEO to retirement. AmeriChoice has more than $110 million in assets and 12,000 members and the smaller, York-based credit union has almost...

CO-OP Offers Travel Concierge.(CO-OP Financial Services )(Brief article)
June 4, 2007... ONTARIO, Calif. -- CO-OP Financial Services launched two new products to ease travelers' worries when they're using the CO-OP-branded debit cards on the road. CO-OP's Falcon Travel Notification gives CUs access to a cardholder's contact...

Suspect Convicted in CU Hold-Ups.(credit unions)(Brief article)
June 4, 2007... SALT LAKE CITY -- One man pled guilty and another awaits trial in last winter's armed robberies at two local credit unions and one bank. Willie McNeal, 50, of Midvale, pleaded guilty to three counts of armed robbery. McNeil's alleged...

READER RESOURCES.(Editorial)
June 4, 2007... Credit Union Journal Subscribers can access all content from the print edition every Monday simultaneously with its publication at www.cujournal.com. Additional resources include: * Front-page news stories are accessible by clicking on the...

Online Bill Pay Drives Greater Share of Wallet.(Survey)(Brief article)
June 4, 2007... ANN ARBOR, Mich. -- A new study from ForeSee Results and Forbes.com found customers who pay bills through their bank's Web site are more satisfied with the bank and the online banking experience than those who do not. Further, the study...

Research: 30% Of Firewalls Violate Security Policy.
June 4, 2007... SANTA BARBARA, Calif. -- Almost 30% of firewalls are not providing the protection they are supposed to, according to new research. "Everyone thinks firewalls are solid," said John Abraham, president of Redspin, which conducted the research...

SBA: Small Banks Profit From Relationship Lending.(Small Business Administration)(Brief article)
June 4, 2007... WASHINGTON, D.C. -- Market valuations of smaller, publicly held banks are higher than they would otherwise be due to their investment in relationship lending, according to a study issued recently by the Office of Advocacy of the U.S. Small...

NAFCU Recognizes CU Leaders In 2007 'Tribute To Innovation & Inspiration' Awards.(National Association of Federal Credit Unions)(Frank E. Berrish of Visions Federal Credit Union)(Raymond Holt, Jr. of Energy Federal Credit Union)(Jack R. Harper of First Service Federal Credit Union)
June 4, 2007... ARLINGTON, Va. -- NAFCU has named the winners of its 2007 Awards Competition, which it bills as "A Tribute to Innovation & Inspiration. The winners were: * Federal Credit Union of the Year, assets of less than $150M: LA DOTD FCU,...

'Enviable' Growth Doesn't Come Without A Price In Sin City.
June 4, 2007... LAS VEGAS -- While most associate Vegas with being a Sin City of bright lights along the famous Strip, two decades of rapid population growth have created a more mature city with an increasingly stable population. For this city's CUs it's...

In A City Based Entirely On Gambling, CUs Help Build Community.(Nevada Federal Credit Union)
June 4, 2007... LAS VEGAS -- You can bet on one sure-thing here: this town is based entirely on gambling. And while most can gamble and walk away from the tables when they're tapped out, others cannot, creating financial problems for many people. For...

Call For Best Practices Entries.(Editorial)
June 4, 2007... The Credit Union Journal is announcing its Call for Entries for its Best Practices awards. It's easy to enter! Nominations may be submitted by credit unions themselves, a CUSO or even another CU. Nominations can also be submitted by...

Chances For Data Security Bill Rapidly Fading.
June 11, 2007... WASHINGTON -- Even with the growing number of data security breaches, chances for legislation to rein in online identity fraud are fading away as key parties to the issue continue to hold to divergent paths. The conflicts were on display...

How Are CUs Coping With Housing Price 'Hangover Effect?'.
June 11, 2007... SAN DIEGO -- The speculative rush that drove up housing prices in many parts of the country has created a hangover effect where the challenge now for credit unions isn't simply to help members finance a new home, but also to keep it once...

'Multi-Cultural Banking Center' To Help Wean Poor Off Predatory Loans.(HarborOne Credit Union)
June 11, 2007... BROCKTON, Mass. -- In the midst of the state's worst home foreclosure storm, HarborOne CU launched a project last week to help turn the area's low-income homeowners and immigrants away from predatory loans. One of the main functions of the...

Former Columbia Director's Home Is Vandalized With CCU's Name By Michael Bartlett, Reporter.(Columbia Credit Union's Cathryn Chudy)
June 11, 2007... VANCOUVER, Wash. -- The tensions surrounding the attempted conversion of Columbia Credit Union here to a bank two years ago are apparently not settled, after a former board member at the credit union had her home vandalized with the letters...

Cardtronics Acquires 7-Eleven's 5,500 ATMs.
June 11, 2007... HOUSTON -- Cardtronics Inc., the nation's largest operator of ATMs, became the dominant player in electronic funds transfers for credit unions last week with an agreement to acquire and operate the 5,500 ATMs in the nation's 7-Eleven...

On Deadline.(credit unions finances for community development after Hurricane Katrina disaster)(Brief article)
June 11, 2007... CUs See Devastation, Progress In 9th Ward Tour NEW ORLEANS-The devastation of Hurricane Katrina is still evident in New Orleans' Ninth Ward, St. Bernard Parish and other areas of the city that were submerged in 12 feet of floodwaters...

CUNA Task Force Explores 'Disconnect' Between CUs And Members They Serve.(dialogue with Dick Ensweiler)(Credit Union National Association)(Interview)
June 11, 2007... LAS VEGAS -- A group of people "passionate" about credit unions is trying to figure out why most Americans are not. Dick Ensweiler, president of the Texas league and chair of CUNA's new Membership Growth Task Force, said the group is...

What CUs Want: Flexibility To Serve The Underserved Better.
June 11, 2007... NEW ORLEANS -- It's more difficult for larger credit unions than smaller ones to receive low-income service designations due to the broader membership base, while all credit unions need more flexibility from examiners if they are to serve...

PULSE EFT Plans To Go Public In July.
June 11, 2007... WALL STREET -- Morgan Stanley announced it expects to complete the spin-off of Discover Financial Services, the nation's fourth-biggest credit-card network and the parent of PULSE EFT, on June 30 and shares will begin trading July 2. The...

STATE STAT-SHOT.(number of credit unions in Maine)(Brief article)
June 11, 2007... Throughout 2007, the Credit Union Journal is profiling the credit unions of each U.S. state and D.C. Rather than appear in alphabetical order, the states are being featured in the order they became states. MAINE Number of credit...

Worth Noting.(briefs)
June 11, 2007... Briotta Named NAFCU PR Manager WASHINGTON-Patty Briotta has been named public relations manager for NAFCU. Most recently, Briotta ran her own public relations/marketing consulting business where she managed an array of corporate and...

For Them Its Personal: How CPM FCU Has Used Incentive Program To Boost Growth.
June 11, 2007... CHARLESTON, S.C. -- As CPM FCU has grown, George Lockwood has grown with it. Lockwood started his career at a branch of CPM Federal Credit Union 21 years ago, finally working his way up to CEO three years ago. While the credit union has...

Leveraging SEGs as a CU Marketing Arm.(CPM Federal Credit Union, select employee groups)(Brief article)
June 11, 2007... CHARLESTON, S.C. -- According to NCUA data, CPM FCU has penetrated approximately 20% of its potential membership, despite the fact that FDIC data shows nearly 300 bank branches in its total market area. Lockwood said one of the secrets for...

Credit Union Journal Leader Board.(Industry ranking)(Brief article)
June 11, 2007... PROFILES OF PEER GROUP LEADERS CU: CPM Federal Credit Union Total Assets: $157.3 million Capital To Assets: 15.27% Membership: 48,480 No. of Loans: 46,566 Loan Growth: 11.9% NCUA Top 10 CUs Based on Return on...

Now In The Market.(contracts)
June 11, 2007... KCFCU Selects Symantec BREMERTON, Wash.-Kitsap Community FCU here has selected Symantec Control Compliance Suite to comply with government, industry and corporate regulations. Previously, Kitsap's IT administrators had required to...

Sometimes What Happens In Vegas Shouldn't Stay In Vegas.
June 11, 2007... If nothing else, a few weeks on the road have taught me this lesson: Las Vegas leads the nation in people wearing sunglasses at times when both the location (inside) and time (night) would not seem to require shades. And in other news... *...

Calendar.(Calendar)
June 11, 2007... JUNE June 13-16 Florida CUL Annual Convention & Exposition, JW Marriott Orlando Grande Lakes, Orlando. For info: Julianne Talley, 850-576-8171, ext. 1036, or www.fcul.org. June 13-16 Maryland/DC League Annual Meeting, Ocean...

CEO 'Mystified' By NCUA Probe On Mergers.(Roger Michaelis, National Credit Union Administration)(Excerpt)(Brief article)
June 11, 2007... Editor's note: the following are excerpts from Vancouver, Wash.-based iQ CU CEO Roger Michaelis' comment letter to NCUA on the disclosure of merger-related compensation arrangements. I continue to be mystified at NCUA's propensity to...

Letters To The Editor.(Letter to the editor)
June 11, 2007... Consumers Deserve Financial Svc. I was certainly impressed by Raul Pickett in his article "Defining Modest Means Isn't the Issue-Fulfilling Social Missions Is." (CUJ May 21) Raul put into words the thoughts I have regarding "modest...

What Can Don Imus Teach Your Employees About Member Service?
June 11, 2007... The recent firing of CBS Radio "shock jock" Don Imus strikes to the heart of how bad behavior adversely affects business. As Tom Brokaw noted in the New York Times: "There has been an absence of civility in public discourse for some time now....

Don't Let Your CU Be The Next Victim Of The Missing Link.
June 11, 2007... A graduate student decides to open a share account at the campus credit union. He heads over to the CU, applies for membership, and deposits $100. He walks out the door. Our college student is completely satisfied. Are you? What about...

NCUA: Margin Squeeze Drives Credit Card Sales.(National Credit Union Administration)
June 11, 2007... WASHINGTON -- NCUA Chairman JoAnn Johnson told Congress last week that the ongoing margin squeeze among credit unions continues to fuel the sale of credit card portfolios. During testimony before the House Financial Services Subcommittee...

Oregon Legislation woulD Reinstate Usury Ceiling.(Brief article)
June 11, 2007... SALEM, Ore. -- The state Senate last week approved a 36% cap on all consumer loans, reinstating a state usury law and completing a package of bills that eliminate triple-digit interest rates charged by payday and car title lenders. The...

Quixotic CU Tax Bill Dies a Quick Death New York.(Brief article)
June 11, 2007... ALBANY, N.Y. -- A long-shot attempt to tax federally chartered credit unions in New York died a quick death-just two weeks after it was introduced. The bill was withdrawn by its sponsor, Sen. Thomas Morahan. The bill was a long-shot because...

Agenda.
June 11, 2007... Hearings House Financial Services Committee, Capitol Hill, is holding a hearing June 13 on improving federal consumer protections in the financial services sector. Events House Appropriations Committee, Capitol Hill, will vote on...

People.(appointments and awards)(Brief article)
June 11, 2007... Mid-Atlantic Federal Credit Union, Germantown, Md., named Glen Lazovick director of mortgage lending. Saugus Federal Credit Union, Saugus, Mass., named Daniel J. D'Onofrio senior member services representative. Alaska USA Mortgage...

Affordable Housing Is CUSO Goal.
June 11, 2007... EL PASO, Texas -- The El Paso Affordable Housing CUSO, a collaborative of eight area credit unions, and Wells Fargo will be providing affordable mortgages to low- and moderate-income families under a new program launched by local development...

Member Data Exposed On Google.(Jax Federal Credit Union)(Brief article)
June 11, 2007... JACKSONVILLE, Fla. -- Jax FCU was apologizing to more than 7,500 members whose personal information was accidentally exposed on Google. Gerri Sexsion, president of the $300-million CU, said they had sent the information, including names and...

Michigan CUs Eye Reform Law.(Brief article)
June 11, 2007... LANSING, Mich. -- Credit union representatives began kicking around new ideas for legislative reform, including giving management more power to expel members; authorizing trust powers and easing CUSO rules. A group organized by the Michigan...

READER RESOURCES.
June 11, 2007... Credit Union Journal Subscribers can access all content from the print edition every Monday simultaneously with its publication at www.cujournal.com. Additional resources include: * Front-page news stories are accessible by clicking on the...

CU Movement Is Stepping Up To Plate To Support Creation Of MLK Memorial.(Martin Luther King Jr.)
June 11, 2007... WASHINGTON -- Credit unions throughout the country are doing their parts to help make the vision of the Martin Luther King Jr. National Memorial a reality. Combined, credit unions have pledged "just over $700,000, with half-a-million...

Storm Brewing?: What's Being Done Differently To Prepare For This Hurricane Season.
June 11, 2007... TALLAHASSEE, Fla. -- With the beginning of hurricane season resting on many peoples' minds, organizations are recalling past mistakes and making preparations designed to deal with possible future disasters in better ways. And credit unions...

Drowning Sub-Prime Borrowers Need CUs To Come To Rescue.
June 11, 2007... PASADENA, Calif. -- The best-kept secret in the mortgage market just may be the fact that credit unions offer them. "I believe credit unions are the best place to go, but we need to get in front of our members," said Dan Green, executive...

HELOC Demand Healthy Despite Falling Property Values.(home equity line of credit)(Interview)
June 11, 2007... MADISON, Wis. -- As part of CU Journal's special report on the state of home equity lending, UW CU VP-Lending Mike Long offered his insight into the current market. CUJ: When home values were rising rapidly, homeowners were tapping home...

Now In The Market.(forecasts and trends of credit unions)(approvals of National Association of State Boards of Accountancy)(John Schooler appointed at Real Time Systems Group)
June 11, 2007... Simpler-Webb Attains Certification AUSTIN, Texas-Simpler-Webb, Inc. said it has achieved Cisco System's Express Unified Communications Certification, enabling it to design, implement and maintain Cisco Unified Communications solution for...

Oregon CCU Helps Homeowners.(Oregon Community Credit Union)(Brief article)
June 11, 2007... Eugene, Ore. -- Oregon Community CU is happy to offer two new mortgage loan programs: the credit union-created ARMBuster Loan and the Credit Union National Association's National Home Loan Payment Relief, or HLPR Loan. Oregon Community...

Wolters Kluwer Adds ARM Booklets.(Wolters Kluwer Financial Services, adjustable rate mortgage )(Brief article)
June 11, 2007... MINNEAPOLIS -- Wolters Kluwer Financial Services announced the company is expanding its comprehensive suite of consumer education materials for the mortgage industry to include interest-only and payment option adjustable rate mortgage (ARM)...

SWBC Adds Reverse Mortgage.(Southwest Business Corp.)(Brief article)
June 11, 2007... SAN ANTONIO -- Southwest Business Corporation (SWBC) has added a Reverse Mortgage Division. The company said the Reverse Mortgage Division is designed to help homeowners 62 and older supplement their income. For info: www.swbc.com. ...

Ellie Mae Helps Save the Trees.(introduced ePASS Network)(Brief article)
June 11, 2007... DUBLIN, Calif. -- Ellie Mae is launching ePASS Network, the mortgage industry's most-used Internet-based transaction platform, paving the way for users to bypass the use of the industry's customary 500-page loan files. The platform allows...