People, technology bring strengths to credit unions using independent mortgage appraisers.
This opinion piece looks at how new CFPB rules could induce "brain freeze" for credit union mortgage lenders.
Purchase mortgages are down 15% from MBA forecasts, but this winter's inclement weather is at least partly to blame.
Meriwest executive observes sparse inventory is keeping members from buying homes, which means fewer new mortgages.
California credit unions are seeing revived demand for home equity loans and lines of credit.
Higher home prices have brought back demand for home equity products.
The $1 billion Eli Lilly FCU boosted purchase mortgage volume by reaching out to local real estate agents.
Credit unions and the NCUA share balance sheet strategies to counter inevitable rate increases.
The Indianapolis-based Eli Lilly FCU hired six originators with proven purchase mortgage track records to reach out to realtors and boost originations.
Credit unions and examiners often disagree on how to manage interest rate risk.