Network would connect banks selling the loans with credit unions looking to buy them.
Fewer than 1% defaults on full-financing mortgage option, biggest credit union says.
WASHINGTON—A panel of three housing finance executives and one regulator expressed strong confidence the 30-year, fixed rate mortgage will remain a key element of the U.S. housing finance market.
WASHINGTON — Panel of bankers, regulators see no end in sight for 30-year, fixed-rate mortgage.
Rivermark Credit Union in Beaverton, Ore., found moving to a more automated housing finance system sharply increased its completed applications.
A CUSO that helps credit unions increase the number of purchase money mortgages has urged credit unions to consider housing finance less as the marketing of loan products and more as creating a leading sales channel.