In South Florida, 69% of all home sales this summer were cash, with a statewide rate of 66% according to data from RealtyTrac.
Mortgage Bankers Association says 25% of home sales currently are cash deals.
For credit unions wanting to grow their purchase-mortgage portfolios, the secret is online.
Prudential PenFed Realty, a wholly owned subsidiary of PenFed, said it has acquired Prudential Coastal Properties, a Florida-based agency.
Kudos to Callahan & Associates for acknowledging credit unions’ first-quarter record 8% U.S. mortgage market share and challenging the industry to increase that share even more, as outlined in the page 3 article in the Aug. 15 issue, “Leaders Call for a Push For More CU Market Share.”
Deciding where to live in retirement can involve more than checking the number of sunny days in various locations or calculating how long it will take to drive over to see the grandkids.
Community Resource Federal Credit Union, Latham, N.Y., held a bottle recycling drive throughout the local community to raise money for a donation to the Mohawk & Hudson River Humane.
NCUA Board Chairman Debbie Matz has urged credit unions to "redouble" their efforts to help Americans who are struggling with heavy mortgage debt and other real estate loans.
Just a few weeks into his new job as vice president of mortgage lending for the $1.3 billion Community First Credit Union,