It was encouraging to read that U.S. credit unions set a newrecord for mortgage originations during the first quarter of 2012.(CUTimes.com, May 10, “Credit Unions Notch Record Share of MortgageMarket.”.
|The story noted that Callahan & Associates' analysis showscredit unions originated more than 8% of mortgage loans, passingthe previous record of 5% in a given three-month period.
|With more consumers turning to credit unions for financialservices, it's nice to see home loans being recognized as avaluable part of the product mix. Many credit unions now provide afull range of home-buying services, from helping members connectwith real estate agents and find the right homes, to helping themobtain financing and insurance.
|Kudos to our credit union colleagues for increasing their homeloan market share at a time when mortgage lending is still tightamong many banks.
|Mike Corn
CEO
CU Realty ServicesLLC
Scottsdale, Ariz.
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