Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
CUMA to offer Harmony Loans to CUs
TYSONS CORNER, Va. (9/30/10)--The Credit Union Mortgage Association (CUMA) will offer the Harmony Loan, through a partnership with Mortgage Harmony Corp., to more than 40 credit unions in the Washington, D.C., area. The Harmony Loan is a consumer-initiated interest rate-resetting mortgage. It allows homeowners to adjust their interest rates without a traditional refinance. For lenders, the loan minimizes prepayment turnover that causes loss of market share, servicing stream and customer loyalty. Offering the loan to credit unions also will free up CUMA’s loan officers to focus on new loan originations, the companies said in a release. CUMA of Fairfax, Va., is owned by credit unions in Virginia, Maryland, Washington, D.C., and Pennsylvania. It provides origination, underwriting, closing and servicing solutions.


RSS





print
News Now LiveWire
Record # of applicants for Crash the GAC means every state & D.C. will B represented by young #CU professional at #CUNAGAC #crashthegac15
10 hours ago
.@WOCCU and @CUNA are co-hosting 2015 America’s CU Conference July 12-15 in Denver. Registration is open here: http://t.co/FanFeaO0bC
10 hours ago
Recording of @CUNA Jan. 26 #rbc2 webinar is now available online here: http://t.co/jgxkd65Fj0 Just sign in and listen.
10 hours ago
.@SEC_News 2/19 proxy voting roundtable: contested director elections, increasing retail shareholder participation http://t.co/8k0p6ZvNL8
11 hours ago
.@TheNCUA posted resources 2 help consumers protect themselves,take action if they believe they were ID theft victims:http://t.co/HVaikbuT9H
12 hours ago