• Judge_gavel_money

    NCUA reveals it paid $1 billion to lawyers in fight to recover credit union crisis losses


    Total settlement agreements top $4.3 billion

  • InvestmentsLending

    Total settlement agreements top $4.3 billion

    In 2013, the National Credit Union Administration filed suit against some of the world’s biggest banks over the sale of nearly $2.4 billion in faulty residential mortgage-backed securities to several corporate credit unions, which subsequently failed during the financial crisis, due in part to losses from those very same mortgage bonds. The total amount recovered for the failed credit unions in those settlements is more than $4 billion, but for the first time, the NCUA revealed just how much it cost to reach those settlements.

This month in
HousingWire magazine

Cover Story
October/November 2016

Redefining skin in the game

For many observers, “skin in the game” is synonymous with a large down payment that limits lender or investor risk. However, skin in the game can be defined much more broadly, since financial investment is only one factor that mitigates risk.


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