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
Better economic & #CU conditions,leading to higher rates in '15,'16, will boost CU earnings, asset quality,capital http://t.co/rmJvi3MIpQ
9 hours ago
RT @CUNA: Today is the first day of #CUYouthMonth How is your #creditunion celebrating?
14 hours ago
New @FICO score metric expected this week, will include utility payments http://t.co/l0hGhilMqQ
14 hours ago
.@TheNCUA increased supplier diversity in 2014 by 49%, although NCUA’s workforce diversity levels declined slightly.
14 hours ago
Also from FFIEC today, council announces reappointments of Mary Hughes and Lauren Kingry to its State Liaison Committee. 2of2
14 hours ago