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This graph represents some of the key differences in financing among the three largest categories of home purchasers. Existing homeowners are fairly even in their choice of financing options, while first-time homebuyers use FHA insured loans a great deal and investors frequently do not take out a loan for their purchase. Source: 2009 HMDA data

WASHINGTON — Credit unions seeking to write more mortgage loans should focus on lending more for their own portfolios, streamlining and speeding up their mortgage underwriting process and reaching out more comprehensively to Realtors.

And they should try to accomplish these changes while also enduring one of the most confusing regulatory environment in history.

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