The Business Press: Credit Unions see mortgages as part of return to profitability

By Chris H. Sieroty  Contributing Writer California credit unions originated more than 12,500 primary mortgages, including purchases and refinances, in the second quarter of 2009, the highest level since the second quarter of 2004 and almost 2,000 more than the first quarter, according to a report by the California Credit Union League. Based in Ontario, … Continue reading The Business Press: Credit Unions see mortgages as part of return to profitability

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The Business Press: Community banks seek gain in market share from fallen

By Chris H. Sieroty Contributing Writer A steady stream of financial institutions nationwide have collapsed over the past year as a result of the country’s economic crisis and millions of dollars in soured real estate loans. As of Oct. 2, the Federal Deposit Insurance Corp. had taken over 98 banks both large and small across … Continue reading The Business Press: Community banks seek gain in market share from fallen