With the virtual collapse of the residential lending industry and loss of general confidence in its institutional processes, appraisals have come under intense scrutiny while assuming new levels of complexity.
New corporates will assume existing business of Members United and Southwest Corporate.
November 15, 2010
The newly created institutions will be known as Members United Bridge Corporate FCU and Southwest Bridge Corporate FCU . The first two bridge corporates created by NCUA were U.S. Central Bridge Corporate FCU and Western Bridge Corporate FCU.