Credit union first mortgage originations grew to a record $126 billion in 2015 — a whopping 33% increase over 2014, CUNA Mutual Group said in its March 2016 trend report.
In 2014, first mortgage originations reached $95 billion.
Of 2015's $126 billion in originations, credit unions sold 39% into the secondary market; the previous year, credit unions sold 33.3% in the secondary market. CUNA Mutual predicted another strong year for mortgage growth, as rising purchase activity offsets slower refinancing.
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