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Chart showing how mortgage sales rise and fall with origninations.

Credit union sales of first mortgages, which have contributed to record earnings this year, diminished in the second quarter.

In the three months ending June 30, credit unions originated $81.1 billion in first mortgages and sold $28.5 billion of them.

Originations have still been rising but at a slower clip. However, sales were down 15% from a year ago and down 4.9% from the first quarter.

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Jim DuPlessis

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