Credit unions and other housing finance lenders face an economic pinch as rising interest rates squash demand for refinanced mortgage loans while demand for purchase money loans still struggles to grow.
The biggest obstacles to credit unions launching or growing a housing finance program are lack of staff, concerns about compliance and a lack of leadership from the highest executive levels, according to credit union executives and housing finance consultants.
Training from within one way to address lack of availability of new employees with mortgage lending skills.
The decline and demise of well-known retailers such as Blockbuster, Kodak and free-standing bookstores offers proof of just how rapidly industries are shifting to keep up with consumers’ needs and wants.
Here are five ways to get ready for a visit from state or federal regulators.
Consultant says impact that credit union real estate loan portfolios have on net worth has increased and drawn the attention of NCUA examiners.