Rate Forecast II

Published January 04, 2010, 9:08 a.m. EST

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Updated August 27, 2020, 12:17 a.m. EDT

1 Min Read

PHILADELPHIA-Claire Ippoliti, VP Lending at Philadelphia FCU, sees good opportunities in real estate lending. "Our mortgage lending is going to be strong," she said. "We became a FHA lender in September and we think that is going to be a strong player in 2010. There are a lot of first-time buyers out there, and with the interest rates the way they are, there are a lot of opportunities for them."

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Used auto loan sales, long a credit union lifeblood, will be far from robust across the country, but Ippoliti is confident that CUs will continue to increase their share of that market as consumers look for lower value vehicles as they repair their own balance sheets going forward.

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