CUs' Share of Mortgages Falls, NAFCU to Hold Mortgage Sessions at CU Workshop

ARLINGTON, Va. – Reacting to NCUA Board member Debbie Matz' recent announcement that credit unions' share of the mortgage market has fallen to 1.97%, the lowest level since 2000, NAFCU plans to hold a day long session on mortgage lending to its upcoming Credit Management Workshop schedule. The five-day event is being held March 14-18 at the Hilton Palacio del Rio in San Antonio, Texas. The day-long workshop entitled "Mortgages and Credit Unions: Capitalizing on Opportunities While Mitigating the Risks" will feature speakers who will discuss key demographic trends to identify opportunities in mortgage lending with an emphasis on reaching underserved borrowers. Attendees will also learn strategies on how to effectively manage mortgage risks and how to develop partnerships to best mitigate those risks. Among the guest speakers who address attendees during the workshop are: Tracy Jean Ashfield, president, Strategic Mortgage Solutions; Aurora Ortega-Geis, director, Fannie Mae Partnership Office; Larry Garcia, president/CEO, El Paso Affordable Housing CUSO; Tom Glatt, EVP/COO, Portland Teachers CU; Diane Johnson, CEO, Counter Intelligence Associates; Richard Lamothe, president, Lamothe and Associates; Jeff Taylor, senior staff economist, NAFCU; Jane Pannier, Esq., EVP, Counter Intelligence Associates; and Brad Crosley, senior associate, J.R. Bruno & Associates. Among the many topics that will be covered in the presentations are strategies for reaching underserved borrowers, creating and managing a successful mortgage lending operation, managing the risks of holding loans in your portfolio, the implications of rising interest rates, and ALM for risk sensitive assets. Member business loans, indirect lending, and SBA-guaranteed lending will also be addressed.