For the first time ever, credit unions have originated more than8% of U.S. mortgages originated in any given three-month period,according to an analyst with Callahan & Associates.
|The previous record had been just more than 5%.
|Credit unions hit the new mark in the first quarter of thisyear, according to Lydia Cole, director of industry analysis for the firm.
|She made the observation to credit union mortgage executivesattending a CU Mortgage Lending Regional Workshop in Orlando, Fla.,on Thursday.
|The workshop is sponsored by the American Credit Union Mortgage Association.
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