RVCU Offers Good Samaritan Loan Program
NCUA Board Member Debbie Matz, in remarks before Fannie Mae's Credit Union Advisory Council, encouraged credit union leaders to "partner with organizations that can help you offer affordable mortgages to first-time homebuyers. These potential homebuyers can benefit the most from credit union services."
Matz reminded participants that "less than 50% of minorities own homes, compared to 75% of the white population. And the greatest potential growth," she advised, "lies within the minority communities." By 2020, the Latino population is expected to grow 75%; the African American population, 28%; while the white population is projected to grow by only 9%.
For more information and best practices, visit www.ncua.gov, click PALS, then click Best Practices.