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 and Associates.
The previous record had been just over 5%.
Lydia Cole, director of industry analysis for the firm, saidthat credit unions hit this high point during the first quarter ofthis year to credit union mortgage executives attending a mortgage lending regional workshop in Orlando, Fla., on May 11. Theworkshop was sponsored by the American Credit Union Mortgage Association.
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