Firms says loans are also taking longer to close than they did last year.
Credit unions should consider offering low or no down payment mortgages, which have become a trend.
RMK Financial Corporation allegedly mailed out false advertisements that appeared to be from the government.
Robert Henson is CUNA's new Associate Director of Advocacy.
If passed, the law would adjust the definition of points and fees under the Truth in Lending Act.
Survey reveals mortgage executives divided on whether the reduction will bring more home buyers into the market.
The Federal Housing Administration will reduce its annual mortgage insurance premium from 1.35% to 0.85%, the White House announced Jan. 7.
Add the National Association of Realtors to those encouraged by the FHA's annual premium cut on its mortgage insurance.
Groups say measure will go a long way towards helping many Americans become homeowners.
The reduction from 1.35% to 0.85% will save the typical first time home buyer $900 per year, the White House says.