finance lending

• Roadblocks Hinder Credit Union Housing Finance

  By David Morrison  |  April 24, 2013

  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.

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  No Money Down Mortgages Stage a Comeback

  By David Morrison  |  March 27, 2013

  Two credit unions, NASA Federal Credit Union and Navy Federal Credit Union, are offering members mortgages without requiring any down payment or mortgage insurance.

• Two Credit Unions Offering No Money Down Mortgages

  By David Morrison  |  March 14, 2013

  Navy Federal, NASA FCU have different philosophies, same approach to dealing with risk from mortgage loans with no down payments.

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  Credit Unions Grew Market Share

  By David Morrison  |  December 19, 2012

  For the first time ever, credit unions originated more than 8% of all U.S. mortgages originated in any given three month period, Callahan and Associates announced in May. The previous record had been just over 5%.

• Navy Federal Books More than $1 Billion in Mortgage Loans In October

  By David Morrison  |  November 19, 2012

  Record mortgage volume at largest credit union.