Tim Mislansky, a leading executive in credit union housing finance, has started a blog aimed at helping credit unions offer mortgage loans.
Wright-Patt lending chief says unintended consequences could result from new CFPB rules put on Fannie and Freddie.
Keeping track of all the different financial transactions that accompany an average mortgage loan application is likely one of the significant barriers keeping more credit unions from growing their housing finance programs.
WPCU helped over 2,500 members with more than $300 million in financing last year.
Ask Joel Dahlgren how to build a bigger, more financially stable, better-capitalized credit union and this Minnesota lawyer’s advice is surprising: regularly give away capital to members.
The Ohio Credit Union League unveiled this week what it called a distinctive and innovative fund-raising approach to its foundation.
There are signs credit unions have begun to organize themselves to meet their and members’ needs for temporary mortgage finance. It’s called warehouse financing.
MyCUmortgage and CU Structured Finance have formed a partnership to help make more mortgage financing available to credit union members.
Last year, 27 new credit unions joined myCUmortgage, boosting the mortgage-issuing CUSO to nearly $1 billion in volume, the CU announced.
Members continue to turn to credit unions for mortgage and refinance opportunities as evident at myCUmortgage.