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Results: » Assets sold faster – over 30 days faster on average. » Asset managers are able to work 35% to 50% more files on average. » Our oversight provides a layer of quality control that maximizes your results. 877-557-4237 | am@adr-usa.com www.adr-usa.com LENDING INCREASES, MORTGAGE GROWTH LAGS AT CREDIT UNIONS FOR Q2 Lending activity at credit unions nationwide accelerated in the second quarter, though mortgage growth lagged behind all other categories. According to a quarterly report from the National Credit Union Administration (NCUA), institutions last quarter reported $673.9 billion in outstanding loan balances, an increase of 9.8 percent compared to the second quarter of 2013—the largest annual growth since the first quarter of 2006, the group reported. NCUA attributed the growth to strides made by the economy after a weak first quarter. "A stronger economy and a stronger credit union system go hand-in-hand," commented NCUA board chairman Debbie Matz. Lending was up all-around, ranging from year-over-year growth of 27.5 percent in smaller short-term loans in the year's first half to 9.9 percent in first mortgage loans in just the second quarter. e association also recorded improvements across other metrics, including credit union membership, which grew by more than 900,000 in the second quarter to surpass 98 million. At the same time, the number of federally insured credit unions fell to 6,429, a decline of 3.8 percent the group called "consistent with recent consolidation trends within the credit union system." Of those federally insured credit unions remaining, 448 hold more than $500 million in assets each, adding up to $760 billion in combined assets—69 percent of the credit union system's total $1.1 trillion in assets. ey also reported faster growth and higher returns on average assets than the system as a whole. NCUA also reported that federally insured credit unions remain well-capitalized, with 97 percent reporting a net worth at or above the 7 percent required by law. at compares to 96.2 percent at the end of the second quarter last year. e group's report did reveal one cause of concern in the system: While investments with maturities greater than three years declined slightly from the first quarter to the second, they remained $5 billion higher than a year ago, posing an interest-rate risk for federally insured institutions. "[T]he slight decrease in long-term investments as a share of assets over the past quarter is not enough to alleviate interest-rate risk," Matz said. "Long-term fixed-rate assets remain elevated, and interest-rate risk continues to be a key concern and a supervisory priority for NCUA." TITLE INSURANCE PREMIUMS FALL BY 16 PERCENT IN Q2 Title insurance premium volume declined by 16.6 percent year-over-year for 2014's second quarter, according to recently released data from the American Land Title Association (ALTA). In ALTA's 2014 Second Quarter Market Share Analysis, the national land title trade association reports that the $2.7 billion in premiums generated by the title industry in Q2 2014 was a decline from $3.3 billion the industry generated in Q2 2013. "A lackluster spring homebuying season that was weaker than anticipated coupled with a substantial decline in refinance activity resulted in the drop in title insurance premium volume," said Michelle Korsmo, ALTA's CEO. "Despite the lull in the housing market, the title insurance industry remains in a strong financial position posting more than $90 million in net income this quarter. Additionally, the industry has admitted assets of $8.6 billion, including more than $7.6 billion in cash and invested assets." ALTA reports that the five states that generated the most title insurance premiums year-over-year in Q2 2014 were Texas ($430 million, a decline of 1.5 percent from last year); California ($354 million, a drop of 21.5-percent), Florida ($264 million, a decrease of 10-percent), New York ($225 million, a dropoff of 0.6-percent), and Illinois ($101 million, an increase of 2.9 percent). "For more than a century, title insurance companies have protected the interests of homebuyers through a process that has given Americans a sense of security in what is almost always their most significant investment: their homes," Korsmo said.

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