CUNA, Freddie Mac deal will mean lower mortgage origination costs for CUs
WASHINGTON - CUNA and Freddie Mac are close to reaching an agreement that will leverage the resources of Freddie Mac and CUNA Mutual Mortgage and offer CUNA members access to technology, products, services and training and enable them to originate more mortgage loans at lower cost, Credit Union Times has learned. According to sources, the deal has been in the works for several months. It is expected to be reached later this summer. The agreement with CUNA is Freddie Mac's second trade group-alliance this year and is expected to be significantly larger than its February deal with America's Community Bankers.