Fewer than 1% defaults on full-financing mortgage option, biggest credit union says.
WASHINGTON—Richard Cordray, director of the Consumer Financial Protection Bureau, defended his agency’s qualified mortgage regulations against recent criticism during the Mortgage Bankers Association annual convention here Oct. 28. (See more coverage on page 3.)
WASHINGTON — CFPB director tells confab that 95% of current mortgage lending will qualify.
New entry into finance program marketplace.
Peach State FCU has partnered with a non-profit organization to help make housing finance loans available to wounded veterans.
MIDFLORIDA Credit Union completing conversion of six Tampa-area branches from Space Coast Credit Union, plans to merge the $50 million Bay Pines FCU.
TruHome Solutions, a mortgage CUSO in Lenexa, Kan., has achieved another milestone, servicing more than $2 billion in credit union-originated mortgage loans.
As financial institutions, many people would suppose that credit unions make lending money a key focus of their business. But sometimes, over time, they lose some of that focus and fail to adapt their lending programs to members' changing economic needs. That is a little of what Brett Jorgenson found...
For what may be the first time ever, a credit union has become the biggest source of housing finance for a major metropolitan area in the U.S.
LAS VEGAS — Morning sessions for big ideas and breakout sessions to look up close marked the ACUMA conference here this week.