Risky MBS Doom Three Credit Unions, Federal Regulators Look to Sell Assets
October 1, 2010
The National Credit Union Administration seized three undercapitalized corporate credit unions and plans to tap the securitization market to dispose of some $50 million of distressed mortgage-related assets. Members United Corporate Federal Credit Union (Warrenville, IL), Southwest Corporate Federal Credit Union (Plano, TX) and... [Includes one data chart]