ACUMA says declining use of mortgage preapprovals by banks is a gift to credit unions.
LAS VEGAS — Credit union executives attending the American Credit Union Mortgage Association’s 2013 conference received both good news and bad news.
LAS VEGAS — Credit unions need to focus on some of their housing finance particulars as they think strategically about their housing finance business.
LAS VEGAS — Credit unions shifting housing finance programs from refinancing to originating new loans will face significant turnover, consultant says.
Return to pre-recession payment pattern noted by credit bureau.
Shoring up qualified mortgage safe harbor provisions could require credit unions to double down on their traditional strengths and sharply improve documentation, according to legal experts.
Bureau says new rule follows up on questions since implementation began in January.
In wake of CFPB rules, legal experts advise: Strengthen those protections through better communications, documentation.
Applications for both new and refinanced mortgage loans continue to drop, according to the Mortgage Bankers Association.
More evidence has appeared suggesting housing finance loans purchased by Fannie Mae and Freddie Mac are poised to get a bit smaller.