mortgage lending

• SECU Has Over $1 Billion in First-Time Home Loans

  By David Morrison  |  May 15, 2013

  Second-largest credit union hits new mark in first-time home buyer loans.

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  Wounded Veterans Find Housing Finance Help from Georgia CU

  By David Morrison  |  May 15, 2013

  Peach State FCU has partnered with a non-profit organization to help make housing finance loans available to wounded veterans.

• CFPB Seeks to Delay Credit Insurance Rule

  By Heather Anderson  |  May 15, 2013

  The Consumer Financial Protection Bureau has issued a proposed rule and request for comment regarding a temporary delay in the June 1 effective date of a final rule provision that would prohibit the financing of credit insurance into a mortgage.

• GSE Qualified Mortgage Limit Will Have Little Impact

  By David Morrison  |  May 15, 2013

  The bulk of credit union and CUSO mortgage programs will see minimal impact from Fannie Mae and Freddie Mac limiting the secondary market to only qualified mortgages, according to credit union and CUSO ­executives.

• MBA: Seasonal Adjustments Erase Actual Mortgage Delinquency Improvements

  By Heather Anderson  |  May 9, 2013

  Mortgage bankers trade group says 1st quarter figures show slight increase in 30-day delinquency rate.

• New York AG Threatens Mortgage Servicing Suits Against BofA, Wells Fargo

  By Heather Anderson  |  May 6, 2013

  Complaint includes accusations that homeowners could lose homes because loan mods sat unprocessed on big bank desks.

• Fannie and Freddie to Reject Non-QM Mortgages Starting January 2014

  By Heather Anderson  |  May 6, 2013

  FHFA said the GSEs will generally not buy loans that don't meet the CFPB's new "ability to repay rule."

• Roadblocks Hinder Credit Union Housing Finance

  By David Morrison  |  April 24, 2013

  The biggest obstacles to credit unions launching or growing a housing finance program are lack of staff, concerns about compliance and a lack of leadership from the highest executive levels, according to credit union executives and housing finance consultants.

• Navy Federal Continues Record Mortgage Originations

  By David Morrison  |  April 22, 2013

  Credit union says first quarter continues record pace and that 100% financing program performance stays strong.

• Credit Unions Should Look Outside the Box for Housing Finance Talent, Exec Says

  By David Morrison  |  April 17, 2013

  Real estate, underwriting and loan processors all can make the move into loan origination, PFS Funding founder Joseph Parsons says.