Lending

Mortgages

By Aaron Passman | June 27, 2022

Think there’s no room for creativity in banking? Think again. These stories from the last month reveal a host of new ways credit unions are finding to serve members and make a difference in their communities.

By Aaron Passman | June 27, 2022

First mortgage originations at credit unions have risen substantially in the last decade, a period in which median home values have nearly doubled.

By Sharon Simpson | June 6, 2022

GreenState Credit Union has committed $1 billion toward home loans for communities of color. CEO Jeff Disterhoft is rallying the entire industry to take similar steps.

 

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By Sharon Simpson | June 6, 2022

The Wyoming-based credit union is testing a program that rewards members for contributing to a fund to help other members more easily afford a down payment on a home.

By E.C. Harrison | June 6, 2022

A program at Carolina Foothills FCU targets low-income borrowers with flexible underwriting practices, financial education, and partnerships with public, private, and nonprofit groups.

By Sherry Virden | June 6, 2022

The industry closed out the first quarter with a higher percentage of the total mortgage market, although originations dropped amid decreasing inventories and a broader slowdown in home loan activity.

By | March 28, 2022

Larger average mortgage balances have offset the reduced pipeline, and credit unions are holding these loans on their balance sheets at greater rates.

By Rebecca Wessler | March 21, 2022

AI, chat bots, autonomous programs, and more are improving member service and back-office efficiency.

By Servion Commercial Loan Resources | March 21, 2022

Member business lending requires an extra layer of due diligence: appraising the appraisal to help reduce risk.

By Sharon Simpson | Feb. 14, 2022

A new program for first-time mortgage applicants intends to substantially reduce burdens around closing costs.