finance loans

• GSE Qualified Mortgage Limit Will Have Little Impact

  By David Morrison  |  May 15, 2013

  The bulk of credit union and CUSO mortgage programs will see minimal impact from Fannie Mae and Freddie Mac limiting the secondary market to only qualified mortgages, according to credit union and CUSO ­executives.

• GSE Change Seen Minimal for Credit Union Mortgage Lenders

  By David Morrison  |  May 7, 2013

  Not much impact seen from Fannie Mae, Freddie Mac decision to buy only qualified mortgages after Jan. 10, 2014.

• 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.

• Staff Shortage: Some CUs Finding it Tough to Find Housing Finance Pros

  By David Morrison  |  April 11, 2013

  Training from within one way to address lack of availability of new employees with mortgage lending skills.

• 

  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.

• 

  Cordray Urges Credit Unions Not to Hold Back From Mortgage Lending

  By David Morrison  |  March 18, 2013

  CFPB director tells industry not to fear the ability-to-repay rule.

• 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.

• Survey Finds More Consumers Willing to Turn to Walmart, PayPal for Housing Finance

  By David Morrison  |  December 4, 2012

  Online survey of 618 consumers by Charlotte, N.C., firm finds frustration with rates and payments.

• Executives Say Billion Dollar Mortgage Month Not a Spike at Navy Federal

  By David Morrison  |  November 21, 2012

  Credit union says it's the crest of a very strong housing year.

• 

  Optimism on Mortgages Competes With Caution

  By David Morrison  |  October 1, 2012

  LAS VEGAS — Credit union executives attending the annual meeting of the American Credit Union Mortgage Association received a mixture of optimism from credit union CEOs about the future of credit union housing finance and caution from a leading economist about the overall economy and the housing market.