Only three circumstances will require additional review time for borrowers, Cordray says.
Ellie Mae reports slightly more than half of mortgage lender’s volume went to refinanced loans in January.
Eighty-one percent of firms polled say the financial crisis continues to affect them.
Credit unions and other mortgage lenders have observed slow mortgage demand for some months, but the Federal Housing Finance Agency said prices are on the uptick.
Watching a video on YouTube in 2011, Bill Arnold, Service Credit Union's chief information officer, was shocked to see one of the credit union’s branches had caught on fire and gone up in flames in the middle of the night.
This Tech Feature takes a look at how Service CU used a backup facilities service to quickly recover from a branch fire.
NAFCU Services Corp. said it has named VantageScore Solutions LLC, the company behind the VantageScore credit scoring model, a “Preferred Partner.”
Costco, the warehouse retailer known for offering merchandise in large amounts and sizes, has also been helping its members with mortgage loans.
Trade group asks the question as it joins in at the National Association of Realtors convention in Anaheim, Calif.
A professor of law at Brooklyn Law School argued that credit unions should back the privatization of Fannie Mae and Freddie Mac, provided they can also ensure they get the same access to a privatized secondary mortgage market that banks would get.