LAS VEGAS — The American Credit Union Mortgage Association welcomed more than 300 credit union executives to its fall conference as the association gears up to help credit unions find their way to greater relevance in a rapidly shifting mortgage market. This is the largest in the organization's history, according to ACUMA President Robert Dorsa.
“We chose to focus on helping credit unions remain relevant to their members mortgage needs because so much is uncertain in the mortgage world right now,” said Dorsa. “The big issue is qualifying borrowers and what it takes to qualify them. Are Fannie and Freddie going away? If so, when? What will a qualified mortgage look like in the future? Is it better to keep a loan on the books and face possible displeasure from NCUA? How can we help our members with the biggest purchase of their lives?”
The meeting will run in Las Vegas through Thursday.