Posts Tagged ‘Mortgage’
September 21st, 2011
Westmark Credit Union has several branches in Idaho and in addition to providing financial services, they also provide loan services including mortgages.
According to National Credit Union Administration data, Westmark Credit Union originated just over $62 million in mortgages in 2009.
They are listed as active on the national registry and their primary regulator is the National Credit Union Administration.
Westmark Credit Union Website Review
Note: Take a look at our post called the Top 5 Biggest Consumer Complaints!
The Westmark Credit Union website has a link to their loan department. On there they list all the different types of loans they do like car and credit cards.
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July 27th, 2011
The company needed to boost reserves for its mortgage insurance business by an additional $300 million in the quarter. That segment actually lost $253 million, more than six times the $40 million in losses reported last year. The MI segment offset the $256 million of income from Genworth’s international, retirement and protection businesses.
Indeed, earnings were up for nearly all segments except real estate, including retirement income, wealth management, long-term care, and life insurance.
The $300 million reserve boost went to cover declining cure rates and the continued aging of delinquent loans, Genworth said. The “slow-moving pipelines” in mortgage servicing departments across the country have greatly affected recovery, the company added.
“In U.S.
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June 22nd, 2011
The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) announced that the Texas Department of Savings and Mortgage Lending (the Department), Mortgage Division, has received a certificate of accreditation for mortgage supervision, certifying that the Department maintains the standards and practices in state mortgage supervision set by the CSBS and AARMR Accreditation Program. The Department is the ninth to receive accreditation for mortgage supervision, and the first non-banking department to receive the mortgage accreditation.
The Department is responsible for the chartering, regulation and supervision of the state’s thrift industry and the licensing, registration, and regulation of the Texas mortgage industry. The Department currently regulates state-chartered savings banks with combined assets of approximately $7 billion, over 12,000 residential mortgage loan originators, over 400 mortgage banking companies, and investigates and resolves consumer complaints relative to mortgage origination. The Department is fundamentally committed to the comprehensive regulation of the state’s savings institutions, mortgage brokers, and mortgage bankers to protect the financial interests of depositors, creditors, and borrowers. The Department aggressively enforces Texas’s statutes, rules, and regulations to promote public confidence, protect consumers, and provide a healthy mortgage lending environment to meet the credit needs of Texans and maintain a safe and sound thrift system.
Douglas B. Foster ha
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