new house key Source: Shutterstock.

After an eight-year dip, mortgage debt is on the rise. As of this past January, American households owed a total of $9.12 trillion in mortgage debt, nearly as much as in 2008 during the early stages of the housing bubble, according to a mortgage industry study from SuperMoney. Competition among lenders is fierce, and the playing field continues to change. Big banks have long dominated the mortgage lending industry, but other real estate companies are taking advantage of technology to expand their services and wade into lending. However, at Golden 1 Credit Union, we believe credit unions can bring consumers something other lenders can't – delivering the credit union difference with a human touch.

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
NOT FOR REPRINT

© 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.