With the recent mortgage refinance boom disappearing and home purchases continuing to flounder, even though rates remain relatively low consumers are being very careful with the home buying decisions—which makes this purchase an increasingly valuable commodity for the credit union.
Should CUs join a retreat from reverse mortgages or continue offering the loans aimed at seniors?
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
For the past year I have noticed a continuing theme: loan volume reported by credit unions is dropping. I have read many different variations on the theme. Some experts have merely noted loan volume has been decreasing or sinking and expect it will recover. Others are seeing it reach such...