HMDA data suggests that credit unions continue to grow in the home finance market, the American Credit Union Mortgage Association says.
The 44,000-member, $540 million National Institutes of Health Federal Credit Union, headquartered in Rockville, Md., has been working to prepare its housing finance program for whatever the federal government may choose to do with the two giant mortgage entities Fannie Mae and Freddie Mac.
Greater financial education, a greater variety of loan products and different lending strategies have all been techniques credit unions have begun to use to help borrowers meet more stringent housing finance requirements, according to executives from credit unions and mortgage CUSOs.
Almost 1,200 of the 19,000 real estate professionals attending the National Association of Realtors conference visited the America's Credit Unions booth.
American Credit Union Mortgage Association and several credit unions to represent in Anaheim later this week.
A dispute over who owns the rights to the name of a long-standing credit union real estate institution appears to pit a mortgage consultant within one of the institution's chapters against the leading provider of private mortgage insurance for credit unions.
For what may be the first time ever, a credit union has become the biggest source of housing finance for a major metropolitan area in the U.S.
Sallie Mae announced that it will begin offering no-fee student checking accounts into which colleges and universities can directly disburse financial aid and tuition refunds owed to students.
Happy birthday to the American Credit Union Mortgage Association, which was founded on March 29, 1996.
A mortgage servicing settlement proposed by Iowa Attorney General Tom Miller is under intense scrutiny by several state attorneys general.