The total share of residential mortgages serviced by credit unions rose from 3.1% in 2008 to 5.7% in 2015.
The FHFA has now helped 3.4 million families refinance their mortgages since the program began in 2009.
RealtyTrac reports while foreclosures are back to pre-recession levels, the market may be in danger of overheating.
How to deliver the best mortgage lending experience.
During the past year, memberships grew 4.2%. CUNA Mutual projects that membership should grow more than 3% this year.
Debt collection, mortgages and credit reporting continue to dominate consumer complaint topics.
Twenty-six percent of national complaints focus on debt collection; in Florida, most consumers complain about mortgages.
An interim final rule gives more small creditors operating in rural and underserved areas eligibility for special provisions.
Credit unions must develop purchase money strategies and work collaboratively.
Credit unions should tighten their mortgage lending standards to reduce risk in 2016, RealtyTrac’s VP says.