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SEATTLE — According to a white paper that will be presented here Oct. 16, not only could the credit union industry organize and capitalize its own secondary mortgage market, initial programs could begin as early as second quarter 2009.

Dan Green, executive vice president of strategy at mortgage CUSO Prime Alliance Solutions, is one of the authors of the paper that explores the potential of a credit union equivalent to Fannie Mae. The study was sponsored by the CU Housing Round Table, an informal group headed by Prime Alliance, majority-owner BECU and Callahan and Associates.

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