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]
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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