New CUSO is a “natural extension” of ORNL FCU and Y-12 FCU’s mortgage programs.
National Association of Realtors finds migrating baby boomers favor areas with strong economies, mild climates.
Credit union experts agree with Lennar CEO, who says borrowers find underwriting scary and invasive.
LAS VEGAS — Credit unions shifting housing finance programs from refinancing to originating new loans will face significant turnover, consultant says.
CU Members Mortgage says it expects most ever to attend its July confab in Dallas.
Credit unions facing a lack of available and affordable mortgage loan professionals should not look for the staffing challenge to ease anytime soon, according to housing finance executives and consultants.
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.
Credit union says first quarter continues record pace and that 100% financing program performance stays strong.
Despite what almost everyone agrees is the deep importance of the topic, credit unions have become largely ambivalent about reforming the secondary mortgage market and uncertain about potentially disrupting a system which seems to be working well, according to executives with credit union organizations familiar with the issue.
Credit unions may have their best opportunity ever to boost the portion of mortgage loans that actually go to purchase homes as opposed to loans that refinance previous notes.