In another indication that the purchase money mortgage market may be strengthening, the Mortgage Bankers Association reported applications for new home purchases rose by almost one third from September 2014 to September 2015.

"Positive momentum in mortgage applications to homebuilder affiliates lead us to estimate that new home sales were up 29% in September compared to a year ago," MBA Vice President of Research and Economics Lynn Fisher said. "It also suggests that housing starts will continue to post relatively strong numbers through the end of the year."

Which strategy would best help credit unions win more of the market for purchase money mortgages?
Establish links with smaller home builders who may not have a mortgage subsidiary.
Start a program of classes to train members on the mortgage process.
Build a reputation with Realtors as the best place for first-time homebuyers.
All of the above.
Other
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MBA reported conventional loans composed 67.7% of loan applications, FHA loans 19.2%, RHS/USDA loans 0.9% and VA loans 12.2%. The average loan size of new home mortgages increased from $317,035 in August 2015 to $324,884 in September 2015.

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