Credit Unions Post Measurable Gains in Mortgage Market Share, Especially in Home-Equity Lending
October 22, 2009
Credit unions have proven to be immune to the contraction in the U.S. mortgage market over the past few years, posting increases in production volume driven largely by their home-equity lending programs, according to a new ranking and analysis by Inside Mortgage Finance. In 2008, federally-insured credit unions reported their highest mortgage origination volume... [Includes two charts]
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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