The prospect of credit unions building a stronger housing finance industry received some good news last week when a new CUSO, Mortgage Liquidity Solutions, announced its first sale of participations in CU-originated mortgage loans.
MLS, founded by five large credit unions in 2011, announced it sold a pool of $140 million in mortgage loans from the Affinity Plus Federal Credit Union in St. Paul, Minn., on Jan. 17.
Affinity Plus is one of the five founders of the CUSO, along with Bellco CU, Public Services CU, San Antonio CU and Teachers CU.
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