It was encouraging to read that U.S. credit unions set a new record for mortgage originations during the first quarter of 2012. (CUTimes.com, May 10, “Credit Unions Notch Record Share of Mortgage Market.”.
The story noted that Callahan & Associates' analysis shows credit unions originated more than 8% of mortgage loans, passing the previous record of 5% in a given three-month period.
With more consumers turning to credit unions for financial services, it's nice to see home loans being recognized as a valuable part of the product mix. Many credit unions now provide a full range of home-buying services, from helping members connect with real estate agents and find the right homes, to helping them obtain financing and insurance.
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