WEST PALM BEACH, Fla. — Analysts are predicting a soft rebound in the mortgage market this autumn, with CUs claiming they're poised to capture even more share. But new risks are also being cited at the same time many CEOs are pushing for more latitude from examiners.
Analysts: Young Buyers Offer Opportunity, But Word Still Not Out
BOSTON — With home affordability at record highs, one analyst believes now may be the time to target younger people in the mortgage market.
How CUs Must 'Adapt'
SEATTLE — Promoting CUs' willingness to help young members, getting involved with Realtors, and dangling a tax credit is not enough to drive better marketshare over the long run, stresses one person.
Economist: The Mixed News Might Be Good News
MADISON, Wis. — Even as thousands of Americans are being foreclosed upon, growing mortgage originations could be a sign a recovery looms near.
Study Examines 'Strategic Defaults'
COSTA MESA, Calif. — As default rates on mortgages remain high, new analysis is revealing additional insights into different drivers of such defaults.
Delinquencies Hit New Record Highs
WASHINGTON, D.C. — The nation's housing market continues to break records, but not ones consumers and lenders alike would want to see.
Latitude with Regulatory Attitudes
A push to get leeway on special loan programsBOSTON, Mass. — Credit unions continue to push regulators for more latitude in making new mortgages and helping members struggling with existing loans.
What to Do with Those Loans?
The debate over selling vs. putting in portfolioLAS VEGAS — Credit unions' growing mortgage marketshare is pushing new debate on what they should do with these new assets.
'You Wonder If This Is Going to Be the Next Time Bomb'
COLORADO SPRINGS, Colo. — Ent FCU has seen its "plain vanilla" portfolio remain rock solid with 30-day delinquencies well under 1%, but agency paper is beginning to show serious cracks.
Feeling a Tighter Squeeze
MADISON, Wis. — Even in housing markets performing well above the national average "[Members] can't just put the house on the market and pay it off, because by the time they pay their Realtor's commission, they've lost a lot of money," explained Tracy Ashfield, EVP with Strategic Mortgage Solutions.
How the Golden 1 Works to Reduce Its Risk
SACRAMENTO, Calif. — The Golden 1 Credit Union just recently decided to take advantage of the upswing of demand and became a FHA lender in early August.
Fraud's Role in Mortgage Bubble and What Staff Can Do About It
BOSTON — Another of the lessons from the mortgage boom and bust? Employees at financial institutions need to be even more vigilant about mortgage fraud.
