The 4.3 million-member, $54 billion Navy Federal Credit Union said it continues to see its housing finance programs grow steadily this year.
In an update designed to capitalize on consumer interest in 100% financed loans, the credit union reports that it originated more mortgage loans in than ever in March 2013 when it posted $1.3 billion for the month and $3.2 billion for the first quarter of this year, double last year's record pace.
Navy also defended its Home Buyers Choice housing finance program that offers 100% financed loans with no requirement for private mortgage insurance.
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