LAS VEGAS -- The economic downturn has forced many credit unions to take a more "real world" approach to their mortgage lending.
LAS VEGAS -- The American Credit Union Mortgage Association wanted attendees at its 2010 annual conference to walk away with two convictions.
LAS VEGAS -- Two Realtors and real estate consultants strongly encouraged credit union executives to expand their credit unions' role as mortgage lenders and offered practical tools to help them.
LAS VEGAS -- Two executives whose credit unions have been hit hardest by the mortgage crisis shared some of their wisdom about mortgage loss mitigation.
LAS VEGAS -- Radian Guaranty CEO Teresa Bryce told credit union mortgage executives that the numbers of foreclosed and distressed properties were weighing down the mortgage market.
The American Credit Union Mortgage Association has aimed its September conference at helping credit unions better understand both their members' mortgage needs and the variety of different ways they could help meet them.
The American Credit Union Mortgage Association has negotiated a deal with the Mortgage Bankers Association that will allow ACUMA member credit unions and CUSOs access to MBA training programs, ACUMA has said.
Credit unions absolutely can and should make mortgage loans, according to a longtime CU executive, but in order to do so they need to get serious about the product.
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More homeowners than ever may be walking away from their mortgages and leaving their imprint on what promises to be an already significantly different housing and mortgage market going forward.