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CU System
Michigan league praises state action on foreclosures
LANSING, Mich. (1/24/08)--Michigan Credit Union League President/CEO David Adams praised Michigan’s governor for publishing a document to help consumers avoid foreclosures. Adams wrote a letter to Gov. Jennifer Granholm pledging credit unions’ support, and also expressed a desire to find ways for credit unions and other depository institutions to become more active in programs implemented by state government (Michigan Monitor Jan. 22). Granholm and her administration published a document that explains eight ways to help consumers during the mortgage crisis. “The Michigan Protocol to Assist Homeowners Facing Potential Foreclosure” was issued after the governor and members of her administration met with some of the nation’s leading mortgage servicers “The Granholm administration has worked with urgency to find innovative ways to help homeowners facing possible foreclosure,” Adams said. “Most of the measures laid out in this protocol are a large part of the credit union mission, but we urge credit unions leaders to take a serious look at them to see how they fit into their own practices.”
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