Proposed changes to the CFPB's QM rule don't go far enough.
A proposed points and fees fix would allow mortgage lenders to refund borrowers if they exceed the 3% QM cap.
CU Members Mortgage says low down payment and high buying desire make now time to reach out to younger set with FHA option.
CU Members Mortgage says it expects most ever to attend its July confab in Dallas.
Credit unions continuing to sign on.
Twenty-two online applications for mortgages were submitted in the first week Arizona Federal Credit Union was linked to the regional CU Members Mortgage online application service, the $1.3 billion Phoenix credit union said.
Arizona Federal Credit Union said 22 online applications were submitted in the first week it was linked to the regional CU Members Mortgage service.
CU Members Mortgage is one of the largest for-profit providers of mortgage services for credit unions turns 30 years old this year and said it stands ready to enter its next decade armed with the latest in mortgage origination and servicing technology.
Dallas firm said it closed its first CU affiliated mortgage loan in 1982 for less than $100,000 and has grown to more than 1,000 affiliated CUs.
CU Members Mortgage said it added 43 new credit union clients, hired 15 new staff and partnered with Mortgagebot on a new online mortgage resource.