Los Angeles-area credit union has seen an uptick in purchase mortgages after teaming up with CUSO.
By now, credit union leaders have become accustomed to new regulations coming down the pike. Less awareness exists, however, for the importance of moving early on the steps it takes to comply with these new regulations.
Higher interest rates and more buyers and sellers are clear signs that the housing market is continuing to recover after years of taking a beating. With that healing, some economists are predicting the current refinance market will shift toward a purchase market. The danger is some credit union mortgage programs...
The U.S. housing finance market may be poised for a historic shift away from a long trend of primarily refinancing existing real estate loans to primarily funding new real estate purchases.
A former boss used sailing analogies to describe the mortgage market, saying things like, “A rising tide floats all boats.” With refinance loans falling and demand far exceeding supply, it’s hard not to look like an industry captain. Whether it is government subsidized programs, wide margins or vehicles to invest...
New legislation expedites foreclosure process for abandoned residential properties.
In robo-signing case, state Supreme Court finds voluntary dismissals can't be reversed unless plaintiff got relief, dismissal kept court from remedying the fraud.
CU Companies said Tuesday its revenue increased by more than 120% and its net income grew by more than 600% from 2011.
LAS VEGAS — Costs associated with ongoing CFPB regulations remain a concern.
Although many credit unions may not have realized it, the second version of the federal government’s Home Affordable Refinance Program is a more workable and beneficial for both borrowers and credit unions than its predecessor, according to housing finance executives at credit unions that have begun making the loans.