Credit union says first quarter continues record pace and that 100% financing program performance stays strong.
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%.
Record mortgage volume at largest credit union.
Nation's biggest CU said its activity split between refinances and new purchases.
Signs are cautiously pointing to an economic recovery nationwide. The national unemployment rate fell by one percentage point in the past year, and even in the hardest hit sand states, job outlook statistics improved.