Annual RealtyTrac report says U.S. median home price gained 10%. Ninety-one percent of MSAs gain value.
Credit unions should tighten their mortgage lending standards to reduce risk in 2016, RealtyTrac’s VP says.
An estimated 16 million new U.S. households will bring mortgage lending opportunities to credit unions.
Credit unions should consider outsourcing when it comes to streamlining their mortgage lending tasks.
The CFPB’s mortgage initiative only makes the lending process more confusing for borrowers and credit unions.
Callahan reports credit unions in 10 states hold double-digit shares of their states’ mortgage markets.
The number of originations has declined by 31% since 2013, according to reported data.
Recent mortgage industry headlines are good news for credit unions and Durbin instills honesty into the card business, readers say.
Positive mortgage industry news gives credit unions a leg up in the marketplace.
An improving economy will allow Americans to tap an unmet demand for real estate, association reports.