Despite the U.S. housing finance market ongoing uncertainty, three credit union mortgage executives painted a largely positive outlook for 2012. Credit Union Times asked their thoughts on what the industry can expect as well as what the mortgage lending expectations in are in local markets.
LAS VEGAS — The American Credit Union Mortgage Association welcomed more than 300 credit union executives to its fall conference, the largest in its history, according to President Robert Dorsa.
For the past year I have noticed a continuing theme: loan volume reported by credit unions is dropping. I have read many different variations on the theme. Some experts have merely noted loan volume has been decreasing or sinking and expect it will recover. Others are seeing it reach such...
WASHINGTON — Credit unions seeking to write more mortgage loans should focus on lending more for their own portfolios, streamlining and speeding up their mortgage underwriting process and reaching out more comprehensively to Realtors.
Many credit unions remain trapped between rising consumer and member demand for mortgages backed by the FHA and HUD regulations governing those loans.
This year will go down as the one in which the real estate and mortgage markets in many areas moved from a sense of crisis to one where credit unions began to find a little bit of stability.
The American Credit Union Mortgage Association took the message of credit union mortgage originators into the heart of
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Credit union mortgage lenders came off a record breaking year in 2009, but industry executives fear 2010 may not see the same sorts of gains.
More homeowners than ever may be walking away from their mortgages and leaving their imprint on what promises to be an already significantly different housing and mortgage market going forward.