An analysis of data collected as part of the Home Mortgage Disclosure Act revealed credit unions in 10 states won double-digit shares of their states' mortgage markets in 2014, according to Callahan and Associates.
The Washington-based consulting firm analyzed the recently-released data, and found that Vermont's credit unions had the highest market share in the country with 23.9%, followed by Wisconsin (21.4%), Iowa (20.8%), Idaho (19.8%), Rhode Island (17.5%), New Hampshire (16.8%), North Carolina (16.6%), Utah (16.1%), Michigan (14.8%) and Maine (13.7%).
Cooperatives in Vermont, Wisconsin, Iowa, Rhode Island, New Hampshire, North Carolina and Utah had double-digit market shares in both the purchase mortgage and refinance mortgage markets, Callahan said.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
