The Mortgage Bankers Association has lowered its forecast for 2014 mortgage originations nationwide.
Mortgage applications rose during week ending 10/11, but applications for purchase money dropped, association said.
Bureau says online tool will offer easy access to public mortgage information.
Applications for both new and refinanced mortgage loans continue to drop, according to the Mortgage Bankers Association.
The American dream of home ownership may have taken a hit over the past few years, but GTE Financial in Tampa, Fla., still wants to build mortgage lending into its plans.
Keeping track of all the different financial transactions that accompany an average mortgage loan application is likely one of the significant barriers keeping more credit unions from growing their housing finance programs.
CU Members Mortgage is one of the largest for-profit providers of mortgage services for credit unions turns 30 years old this year and said it stands ready to enter its next decade armed with the latest in mortgage origination and servicing technology.
The numbers dazzle. There are 850,000 enrollees in online banking and in any given month, there are around 400,000 unique member visitors. That is why, for Pentagon Federal, the $15 billion Alexandria, Va.-based credit union, its newly revamped online banking site is a big deal.
The $426 million Notre Dame FCU has begun using address verification software from Experian QAS in its branches and mortgage operation.
Another credit union announced last week that it was taking a step in the direction of removing tellers from its branches.