Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CMG Mortgage Insurance webinars address secondary market
SAN FRANCISCO (6/14/10)--CMG Mortgage Insurance Company (CMG MI) will conduct two free 90-minute webinars with practical guidance for credit union leaders who want to use the secondary mortgage market to improve liquidity. The webinars, “Fundamentals of the Secondary Market” and “Secondary Marketing Economics,” will focus on alternative approaches, necessary resources, management of investor relationships and best practices for successful participation in the secondary mortgage loan market. The webinars are July 7 and 8 at 2 p.m. ET. Alan Bahr, CMG MI director of secondary markets and national accounts, will conduct the webinars. Bahr has experience at several Wall Street investment firms. “With investor interest beginning to return, the secondary market presents a vital source of new mortgage loan programs and liquidity that credit unions can’t afford to neglect,” Bahr said. “CMG MI is a strong supporter of credit union growth, and their active participation in the secondary market is central to that goal.” During Fundamentals of Mortgage Lending, July 7, lending officers will learn:
* The latest mechanics of the secondary market; * Alternative secondary marketing strategies; * Types of secondary marketing contracts and their potential risks and rewards; * The basics of working with government-sponsored enterprises and the Federal Housing Administration; and * How to manage secondary requirements.
Secondary Marketing Economics, July 8, will cover:
* The key concepts that help determine the relative risks and returns and liquidity considerations of a mortgage business; * The influence of mortgage lending on liquidity management; * The principal drivers affecting the success of secondary versus portfolio execution; * The risks of alternative secondary delivery channels versus portfolio lending; and * Evaluation of the components of effective pricing.
CMG MI is a corporate joint venture between CUNA Mutual Insurance Society and PMI Mortgage Insurance Co. For more information, use the link.
Other Resources

RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
12 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
13 hours ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
15 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
18 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
18 hours ago