Skip to main content

Evolving Mortgage Modification Scene

An examination of credit union and bank modification trends..With housing prices bouncing along the bottom and unemployment starting to fall, the outlook for 2012 is stronger than when we entered 2011. However, there are still millions of Americans who have not had a chance to take advantage of low interest rates by refinancing their mortgage or other debts, a fact **** Read More; Evolving Modification Scene:

Comments

Post a Comment

Please no profanity or political comments.

Popular posts from this blog

Hurricane Knocked The Power Out? New Orleans Firemen’s FCU Is Ready.

  Hurricane Knocked The Power Out? New Orleans Firemen’s FCU Is Ready. The next big storm in the Gulf isn’t an “if,” it’s a “when,” but the small Gulf-area credit union has a plan to help the community get back on its feet when the time comes. Aaron Passman This article is part of Callahan & Associates’ “ CDFI Grants In Action ,” a limited editorial series that showcases how credit unions leverage CDFI funding to advance their mission and deliver measurable impact for members. To learn how CDFI certification can change lives and unlock opportunities at your credit union, visit  CU Strategic Planning , A Callahan Company. When hurricanes rip through the Gulf, they leave behind disrupted lives and disconnected communities. In those moments, access matters as much as empathy. When disaster strikes,  The New Orleans Firemen’s Federal Credit Union   ($275.0M, Metarie, LA) is ready to roll with a mobile branch that brings back banking to the front line of recovery. The...
Post a Comment
Read Complete Article HERE>»

Sunday Reading - Lake Manly Returns

  Lake Manly Returns   An ancient lake has  reemerged in California's Death Valley National Park following record rainfall this year.  Between 128,000 and 186,000 years ago, meltwater from ice covering the Sierra Nevada fed rivers that emptied into Badwater Basin, North America’s lowest point at 282 feet below sea level. The steady flow sustained Lake Manly, nearly 100 miles long and roughly 600 feet deep. The lake disappeared as Death Valley evolved into the driest place in North America , with some areas receiving under two inches of rain annually. This year, however, the park received 2.41 inches between September and November, marking its wettest autumn on record and triggering the temporary return of a shorter, shallower Lake Manly.  Above-average rainfall periodically brings Lake Manly back, including in 2023 when Hurricane Hilary dumped 2.2 inches of rain on a single August day, allowing visi...
Post a Comment
Read Complete Article HERE>»

The US Senate makes major step towards recognizing firefighter cancers as line‑of‑duty deaths

   18 Dec 2025 The US Senate makes major step towards recognizing firefighter cancers as line‑of‑duty deaths en Fire Fighter´s Advocacy   Firefighter Cancer   Firefighter Unions   Firefighter's Health   Line of Duty Deaths The US senate  has passed the   Honoring Our Fallen Heroes Act , recognizing firefighter occupational cancers as line‑of‑duty deaths and extending federal benefits to families. This marks a shift in U.S. policy towards aligning with decades of advocacy by firefighter unions and survivors. According to a statement on IAFF.org,  the passing of the Act in the Senate is a "major step forward for the thousands of survivors who have been denied PSOB benefits after losing their loved one to cancer...  It now moves to the U.S. House of Representatives for consideration." According to IAFF.org, the Honor Act has strong bipartisan support in both chambers of Congress. A companion bill in the House ( H.R. 1269 ) currently has 152...
Post a Comment
Read Complete Article HERE>»

Happy Holidays To All Who Serve

  Happy Holidays To All Who Serve 12/22/2025 10:28 am   By Grant Sheehan and Anthony Hernandez Every year, many Americans celebrate the joy of family and relief from work the holidays bring. Apart from the hustle and bustle, the holiday season is a special time to be with loved ones, engaging in family traditions and rituals, and making memories that will last a lifetime. However, not everyone gets to partake in the holiday gatherings.   There are over a hundred thousand military members serving in harm’s way or in 24-hour command center...
Post a Comment
Read Complete Article HERE>»

Sunday Reading - The gold standard, explained

  Gold Standard       The gold standard, explained A gold standard is a system where a country’s currency is pegged to, and can be converted into, a fixed amount of gold. It’s typically meant to create a sense of security in the country’s currency: When a government uses a gold standard , its currency can be exchanged for an equivalent amount of gold—although regulations around redemption vary by country.   After the Civil War, in 1873, America adopted the gold standard for the first time. At the time, if gold was priced at $100 an ounce, each dollar  rep...
Post a Comment
Read Complete Article HERE>»

Syracuse Fire Department Credit Union

Remember, you're not alone with  NCOFCU.org Join/Upgrade Check out some of NCOFCU's additional features: First Responder Credit Union Academy Financial Literacy Podcasts YouTube Mini's Blog Job Board
Post a Comment
Read Complete Article HERE>»

Buy Now, Pay Later Keeps Gaining Ground: New Study Shows Growth Surge

03/10/2025 06:31 pm Share         TROY, Mich.— A new study reveals the appeal of buy now, pay later is not waning, as the service saw significant growth last year. The J.D. Power 2025 U.S. Buy Now Pay Later Satisfaction Study shows BNPL enjoyed continued, significant growth in the number of consumers using the product year over year, with the highest usage among consumers from Generations Y and Z, and the highest growth period during the holidays. “The BNPL segment has undoubtedly grown in popularity, with more customers using these services than ever before,” said Sean Gelles, senior director of banking and payments at J.D. Power. “That’s been especially true around seasonal periods of higher spending, such as the holidays. Card-based BNPL products continue to lead the charge on satisfaction, as issuers are leveraging their existing brand awareness and equity to retain would-be defectors.” Following are some of the key findings of the 2025 study: Gene...
Post a Comment
Read Complete Article HERE>»

Sunday reading - What's the story behind Thanksgiving?

What's the story behind Thanksgiving? While European settlers in North America had long observed days of thanks, prayer, and reflection, the “ first Thanksgiving ” most often refers to a 1621 meal between the Pilgrims and the native Wampanoag people.   In 1863, Abraham Lincoln declared a national Thanksgiving Day on the final Thursday of November to be celebrated each year. A large meal shared with loved ones is the centerpiece of most Thanksgiving celebrations, where the average gathering size is seven and most people consume 3,150-4,500 calories .   What began as a neighborly meal to celebrate a successful harvest has transformed into an annual economic and cultural powerhouse: The day before Thanksgiving is one of the busiest days of the year for air travel as Americans prepare to eat upward of 40 million turkeys  and 80 million pounds of cranberries. ... Read what else we  learned about the holiday here . ...
Post a Comment
Read Complete Article HERE>»

What is “corpus”? And why is everyone in AI suddenly talking about it? Here’s what you need to know.!

  Writer Michael Grothaus Bill Gates, Reddits CEO, and other tech leaders are increasingly talking about their "corpus." Now is the time to learn what that means. Thanks to ChatGPT and similar platforms, the rise of artificial intelligence has been one of the most headline-grabbing subjects of 2023. Not a day goes by without a new article coming out about some way AI tech spells either doom or salvation for the creative fields, your job, or humanity. And if you’ve been reading these articles, you might have noticed one particular word being thrown around by tech executives recently: “corpus.” Reddit’s CEO has mentioned it; so has Wikipedia’s founder Jimmy Wales; and so has Microsoft founder Bill Gates. Here’s what it means, and why it’s critical to understanding how artificial intelligence platforms like ChatGPT and Midjourney operate. WHAT IS AN AI CORPUS? Those who studied Latin in school will immediately know that corpus means “body.” (The modern word for a dead ...
Post a Comment
Read Complete Article HERE>»

Here’s What Consumers are Saying About Gift Cards, According to New Fiserv Study

BROOKFIELD, Wis.–Eighty percent of consumers say they enjoy receiving a gift card as a gift, and 68% of consumers will spend the full value of that gift card in three months or less, according to the 19th Annual Prepaid Consumer Insights Study from Fiserv. The study further found employers are increasingly using gift cards to reward their employees, and retailers are finding new ways to leverage gift cards in their incentives and rewards programs. According to Fiserv, five of the most interesting findings in the survey of more than 1,000 U.S. consumers include: ‘Satisfaction’ Abounds with Gift Cards 80% of consumers say they feel satisfied when they receive a gift card, so satisfied that consumers aren’t waiting long to spend them. 71% of consumers say that it takes one or two purchases to redeem the full value of a gift card; and 68% say it takes less than three months to fully redeem. Physical Cards Still Reign, But Digital is Growing While digital gift card spending is on the ri...
Post a Comment
Read Complete Article HERE>»