Lending

CU Times examines mortgage lending data, from first-lien originations to the growing role of home equity lending, and what it reveals about where the housing market may be headed next for CUs.

The Mortgage Bankers Association's latest forecast expects originations to drop about 8% in the second half.

Wisconsin credit union has distributed $470,000 in down payment grants through an FHLBank Chicago partnership.

But Velera's monthly report shows credit card spending lagged the 12-month growth rate for retail spending.

Report forecasts weaker economic expansion, elevated inflation and higher-for-longer interest rates.

A focused strategy in this range can help CUs diversify portfolios, strengthen member retention, support local economic development and create sustainable growth.