Lending

The mortgage technology firm Ellie Mae has launched a mortgage origination product designed to help mortgage-originating CUs both manage their compliance burden and produce mortgages that can more easily move to the secondary market.

A real estate analytic and forecasting firm is sticking by its predictions for a significantly smaller mortgage and real estate market in 2011 over 2010.

A new study released by the National Association of Realtors suggested that CUs should consider marketing real estate they might hold on their books to buyers from overseas.

RealtyTrac, the leading online marketplace for foreclosure properties, released its most recent foreclosure sales report that shows that properties in some stage of the foreclosure process made up almost a third of property sales in the first quarter of this year.

Credit unions that are being approached for credit from members who have a mortgage default in their history might take some comfort from a new study from TransUnion, one of the three major credit reporting firms in the U.S.

The Mortgage Bankers Association has argued before Congress that the proposed definition of qualified residential mortgages will wind up forcing more borrowers into using government-backed loans.