Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
myCUmortgage closed 1200 loans in October
FAIRBORN, Ohio (11/16/12)--myCUmortgage, a credit union service organization that offers mortgage solutions for credit unions, announced that its partner credit unions closed more than 1,200 loans totaling $165 million in October, a one-month record for the company.

Year-to-date, myCUmortgage partner credit unions have helped more than 9,000 members attain nearly $1.2 billion in mortgage loans.

More than 25% of the loans helped members purchase homes. In a period of historic low interest rates, mortgage lending has been dominated by refinance volume, the company said.

"For our credit union partners to be able to make one in four loans a purchase mortgage shows their commitment to purchase lending," said Tim Mislansky, president of myCUmortgage.  "Over time, rates will move up, and credit unions that have a purchase money plan will be the ones that remain successful."


RSS print
News Now LiveWire
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
3 minutes ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
2 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
4 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
4 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
4 hours ago