ALEXANDRIA, Va. (7/14/08)—Credit unions have an opportunity to be a trusted lender to members in these times of economic uncertainty, said National Credit Union Administration (NCUA) board member Gigi Hyland last week, but they need to adhere to principles of good lending. Hyland noted in a release that she represented her agency at the Federal Deposit Insurance Corporation (FDIC) forum on strategies for promoting responsible, sustainable mortgage lending for low- and moderate-income (LMI) families. That forum was held in Arlington, Va. on July 8. "Getting back to basics in mortgage lending by adhering to solid underwriting standards and following the four ‘Cs’ of good lending -- commitment, credit, collateral and capital -- were key themes of the day,” Hyland said. She encouraged credit unions stick to “time-tested” lending principles. Hyland noted Mortgage Bankers Association predictions that mortgage originations may decline by 18% in 2008 and by 11% in 2009. Use the resource link below to access a webcast of the forum and a follow-up meeting addressing strategies to encourage mortgage lending.