Two credit unions, NASA Federal Credit Union and Navy Federal Credit Union, are offering members mortgages without requiring any down payment or mortgage insurance.
Navy Federal, NASA FCU have different philosophies, same approach to dealing with risk from mortgage loans with no down payments.
More user-friendly information available, agency says, and new Matz video. Navy Federal also announces Military Saves Week offer.
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%.
Navy Federal wins in low interest card category; PenFed cited for best introductory rate.
Credit union says it's the crest of a very strong housing year.
Record mortgage volume at largest credit union.
Holiday Inn Resort on leased Air Force land will be third joint project for the two credit unions.
Prestandrea has been CEO of Prince George's Community FCU in Maryland since 1995,