As interest rates climb, credit unions should expect a strong lending season ahead.
Loan originations are down and HELOCs are up, according to a new report.
A partnership with investment management firm Apollo will lead to a private, secondary market for the vendor's CU clients.
From refinancing to new money mortgages but market overall continues to struggle.
Credit unions and other mortgage lenders faced an economic pinch in 2013 as rising interest rates began to squash demand for refinanced mortgage loans while demand for purchase money loans still struggled to grow.
The 13.000-member, $103 million Cooperative Center Federal Credit Union expressed support Sept. 24 for Richmond, Calif., to obtain and restructure some mortgages even if the Bay Area town has to use eminent domain.
The fight between the City of Richmond, Calif. and 624 mortgage lenders continues, as the city attempts to obtain the loans through eminent domain.
Berkeley, Calif., credit union states support of idea passed by Richmond, Calif., council members.
Eminent domain plan wins Richmond City Council approval but remains in limbo in face of state law.
FHFA says more than 2.5 million housing finance loans have now been done through HAP since 2009.