Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
N.C. governor signs foreclosure-prevention measure
RALEIGH, N.C. (9/15/09)--North Carolina Gov. Beverly Perdue signed a new law last week that will give state homeowners a 60-day reprieve before their homes undergo foreclosure (CongressDaily Sept. 14). The law allows a clerk of court to postpone a foreclosure hearing for up to 60 days to allow the homeowner additional time to work out a payment plan with the mortgage holder and to remain in the home. Nearly 40,000 homes in North Carolina have gone into foreclosure during 2009. According to the Center for Responsible Lending, more than 2.2 million North Carolina homeowners will see property values decline during the next three years because of foreclosures in their neighborhood (ConsumerAffairs.com Sept. 14). Perdue said the legislation, which sets new rules for debt collectors, protects both homeowners and the state economy from the effects of foreclosure. The law "makes it easier for homeowners to work out a deal with their lenders and avoid foreclosure," said Perdue.
Other Resources

RSS print
News Now LiveWire
Mortgage interest rates continue slide in September @FHFA http://t.co/agU9RJW5Kq
32 minutes ago
Reimagined branches shift to member, not #creditunion, needs: @cunacouncils white paper http://t.co/lN2mu0IVar
1 hours ago
Data breach at Home Depot in Sept. cost CUs nearly $60M 2 reissue cards, deal w/fraud & other costs: new @CUNA survey http://t.co/kzHSX3rAzA
2 hours ago
.@COFCU's #CommunityChallenge saves members $700K in interest, gives back to local charities See #NewsNow http://t.co/67o0rOp3Ml
2 hours ago
Post #QE, @federalreserve concerns still linger, says @CUNA's Schenk http://t.co/0GSrpUYpyG
3 hours ago