Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Southwest Corp. white paper makes a case for mortgages
PLANO, Texas (7/18/08)--Despite turmoil in the mortgage market caused by foreclosures on subprime real estate properties, mortgage lending still offers many opportunities for credit unions, according to a Southwest Corporate Investment Services white paper. “Making a Case for Mortgages” by Joe Arnold, senior advisor with Southwest Corporate’s advisory service, looks at the benefits of mortgage lending for credit unions in today’s turbulent marketplace (Southwest Corporate eFacts July 8). The paper refutes the notion that retaining mortgage originations--even in today’s environment--is too risky. “In addition to providing a service that your members need, mortgage lending continues to offer relative value,” Arnold said. The paper discusses:
* The outlook for mortgage originations this year; * The overall credit quality of credit union mortgage loans; * Credit unions’ current interest-rate risk position, and * Ways to mitigate risk.
“The bottom line is that credit quality of credit union mortgage loans remains high, interest rate risk is manageable, and current spreads make mortgage lending a valuable opportunity for credit unions,” Arnold said.
Other Resources

RSS print
News Now LiveWire
September is National Preparedness Month. Read how your CU can get ready in #NewsNow #NPM @AgilityRecovery @Readygov
7 hours ago
Bay Area #creditunions featured in @SFBusinessTimes article http://t.co/SE7W81Ulia
9 hours ago
#NewsNow: 8 CU advisory board, new senior leaders named at @CFPB. http://t.co/EPKgHEDRRN
11 hours ago
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
11 hours ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
11 hours ago