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.
One third of Americans will use a tech company for most financial services by 2020, a new report finds.
FHLBank member financial institutions will not be required to keep 10% of their assets in residential mortgages.
CUNA Mutual Group reports strong loan growth in 2015, including a 39% hike in first mortgages.
Subprime borrowers are partially to blame for a year over year fall in average balances.
The GSE remains optimistic after losing a net $475 million in Q3 2015.
Four in 10 boomers have debt levels of more than $100K.
Callahan reports CUs in 10 metro areas originated more than 30% of total mortgages.
The NAR reports high rents, high debt and competition held novice homebuyers back in 2015.