Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
#Iowa Housing Authority honors #creditunion's mortgage commitment #NewsNow http://t.co/97me6ziPFa
6 hours ago
Adams to Zimmerman: Don't let your name define your financial decisions via @ndn http://t.co/kPVgQaDFNo
9 hours ago
Calif. ride-sharing law protects #creditunion collateral #NewsNow #System http://t.co/kXAAmbQgKO
10 hours ago
New offices mean moving sale at @TheKCUA https://t.co/xaof5SJkmE
11 hours ago
Existing-home sales slump in August as cash purchases decline @REALTORS
12 hours ago