SHREWSBURY, N.J. — Indications of the slowing real estate marketare becoming evident in credit union mortgage portfolios. As ofJune 2006, CUs' first mortgage originations dropped to $27.3billion from a high of $42.9 billion three years earlier at theheight of the refinance boom. The good news though is CUs'delinquency levels for real estate loans still remain low. Creditunions still need to prepare for the almost $100 billion in loansthat are set to re-price or mature within five years.
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