Credit union continuing to grow commercial loan business.
Air Force FCU was at the top of the list, followed in order by USAA Bank, PenFed, Navy Federal and Armed Forces Bank.
BOSTON — The Consumer Financial Protection Bureau’s qualified mortgage rule that limits closing costs to 3% of the loan balance will have such a big impact on Midwestern credit unions, one Minnesota-based executive said he’d lose money if he complied.
Over the past few years, credit unions and finance companies have become increasingly important as suppliers of credit to small businesses.
BOSTON — NAFCU breakout session focuses on mortgage loans that don’t comply with CFPB qualified mortgage rules.
The U.S. housing finance market may be poised for a historic shift away from a long trend of primarily refinancing existing real estate loans to primarily funding new real estate purchases.
This Opinion piece looks at how iPad remains solidly at the top of the mobile food chain but all channels must remain in consideration.
CU Realty Services, the housing finance CUSO that seeks to make credit union central to their members real estate purchasing experiences, announced it has signed on two more credit unions.
CU Realty CEO Mike Corn said the improving housing market and growing name recognition have helped the CUSO grow its business.
The market appears to have made significant progress digesting the large number of foreclosed properties left over from the housing finance crisis.