A new group devoted to fair mortgage lending practices is launching an initiative that includes some major credit union players.

The Fair Mortgage Collaborative is a consortium of lenders, foundations and advocacy organizations that include the National Federation of Community Development Credit Unions, the $8.7 billion Boeing Employees Credit Union and its mortgage CUSO, Prime Alliance.

The group said it hopes to attract "members that are individually and collectively committed to providing low and moderate income and minority homeowners and homebuyers access to mortgages with the consumers' best interests at its heart, at a fair rate of compensation."

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.