Where there’s a will, there’s a way

first_img February 15, 2004 Regular News Where there’s a will, there’s a way President-elect Kelly Overstreet Johnson and Florida Medical Association President Carl Lentz recently launched a joint public service campaign to encourage Floridians to prepare living wills and to designate health care surrogates. Johnson said the lawyers’ and physicians’ groups are making statutory living will and health care surrogate forms available to their members from their respective Web sites. (www.flabar.org or www.fmaonline.org.) Members are being asked to duplicate these forms and make them available to all who visit their offices. The Bar’s Speakers Bureau also has recruited members of the Elder Law, Health Law, and Real Property, Probate and Trust Law sections to volunteer as speakers to address civic and community organizations throughout the state on living wills and other end-of-life issues. Where there’s a will, there’s a waylast_img read more

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CUs go HELOC crazy

first_imgI had a sense that more credit unions were getting involved with HELOC’s but I didn’t know how big the trend was until I read this article in today’s American Banker. The paper reports that the growth in credit union HELOC lending combined with an overall decline in the number of HELOC accounts has sent the share of HELOC’s owned by credit unions soaring. In fact, credit unions now hold 13.16% of the HELOC market up from 9.63% in 2015. The graph accompanying today’s blog underscores just how big the increase has been.What’s even more interesting is the reason the article points to for the trend. While banks are still holding back the reigns with more conservative underwriting standards, credit unions are more comfortable with underwriting loans based in part on comfort with the member’s payment history. Ezra Becker, a senior Vice President at Trans Union Financial Service Business Unit points out, “credit unions do a good job working with member loyalty so they may be willing to make a loan that another institution may be unwilling to make.”Now for a boring compliance reminder. This increased interest in HELOC’s is coming just as changes to HMDA regulations mean that any institution that makes more than 500 home equity loans a year as of January 1, 2018, and meets other compliance thresholds, will now have to report these loans. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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