LAS VEGAS -- There's no reason why credit unions couldn't double, triple or quadruple mortgage market share during the new few years, Blue Chip financial forecast economist Jeff Thredgold told ACUMA Mortgage Lending Leadership Conference attendees this morning.
"The subprime lenders are gone, the Alt-A lenders are gone, and banks don't have any money to lend," Thredgold said, adding, "And look, I'm a banker. I'm telling you, credit unions are in the driver's seat."
Economic forecasting was the cornerstone of Thredgold's presentation, and the frequent cable news guest understandably spent considerable time discussing the current financial crisis.
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