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.
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.
Mortgage Bankers Association says that's 8% of outstanding balance nationally.
Forget that jobless claims were revised upward, even higher than initial projections. The New Year is a time for optimism. As California CU League Economist Dwight Johnston wrote in his commentary in the Trust for Credit Unions e-newsletter, “This was the fifth year in a row of triple-digit gains on...
Resolution for 2013: Put some energy into political activity, regardless of which side of an issue you're on.
Tax relief law gives break to amounts forgiven by lenders when mortgage is modified or home is list in foreclosure or sold in short sale.
Fed, FDIC, Comptroller say comments, concerns influenced decision. No new date announced.
FHFA seeking comment on possibility of allowing seizure, sale of residential mortgages.
Balances to remain, regulator says.