Comments on: Zopa Shuts Down US Branch http://www.rateladder.com/2008/10/14/zopa-shuts-down-us-branch/ P2P Lending News, Information, Borrowing and Lending Strategy Fri, 16 Oct 2009 04:59:46 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Chrisfs http://www.rateladder.com/2008/10/14/zopa-shuts-down-us-branch/comment-page-1/#comment-56286 Chrisfs Wed, 15 Oct 2008 16:18:46 +0000 http://www.rateladder.com/?p=934#comment-56286 who, two interesting news items today. As a lender, I wasn't a fan of the US version of Zopa because I don't think it offered lenders enough. I can get CD rates anywhere. Credit unions don't seem to be having a bad time necessarily. We had one credit union in my area get taken over by the Fed early on (a couple months ago) due to bad mortgages around the same time New Century and those lots closed down. But others, having not made the types of loans that many banks made, are actually in decent shape right now. One is offering 7% intro 1 yr cd accounts. who, two interesting news items today. As a lender, I wasn’t a fan of the US version of Zopa because I don’t
think it offered lenders enough. I can get CD rates anywhere.

Credit unions don’t seem to be having a bad time necessarily. We had one credit union in my area get taken over by the Fed early on (a couple months ago) due to bad mortgages around the same time New Century and those lots closed down. But others, having not made the types of loans that many banks made, are actually in decent shape right now. One is offering 7% intro 1 yr cd accounts.

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