The credit union will provide money to the Housing Trust Silicon Valley, a self-sustaining effort that provides low-cost loans to developers.
House Financial Services hearing features partisan back-and-forth over Fannie and Freddie.
This Opinion piece looks at what to look for in property appraisal automation and process improvements.
CU Members Mortgage says it expects most ever to attend its July confab in Dallas.
CU Realty CEO Mike Corn said the improving housing market and growing name recognition have helped the CUSO grow its business.
The market appears to have made significant progress digesting the large number of foreclosed properties left over from the housing finance crisis.
The bulk of credit union and CUSO mortgage programs will see minimal impact from Fannie Mae and Freddie Mac limiting the secondary market to only qualified mortgages, according to credit union and CUSO executives.
ICBA says many of its rural members often make non-traditional loans that would not be allowed under proposed new rules.
Provision was to take effect on June 1. CUNA has asked for extension until January.
Wright-Patt lending chief says unintended consequences could result from new CFPB rules put on Fannie and Freddie.