Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
PCLender.com paper addresses mortgage lending
HONOLULU (4/15/09)--Risky business models that led to the failure of many national commercial banks and non-depository mortgage bankers have opened up an opportunity for credit unions to gain mortgage lending market share, according to a white paper from PCLender.com. The paper is “The Future of Mortgage Lending: Why the time is right for credit unions to increase market share and how they can effectively compete in the new marketplace.” It recommends that credit unions grow their share by exploiting their core advantages. The advantages include strong relationships with members, healthy balance sheets and an abundance of expertise, according to paper author Lionel Urban, PCLender.com president. The paper also addresses case studies from Patrion Mortgage and Hawaii State FCU, Honolulu. Both have grown their market share in mortgage lending through Web-based tools.
Other Resources

RSS print
News Now LiveWire
Rep. Hensarling on HR 4042: "I plan to work to ensure #creditunion parity in this bill." Act would study appropriate capital reqs for MSAs
20 minutes ago
The @FinancialCmte has passed HR3240, the Reg D Study Act, by voice vote
23 minutes ago
.@pewtrusts : Prize-linked savings gaining nationwide momentum #NewsNow http://t.co/xltJhvlrY2
1 hours ago
.@BelvoirFederal revamped the checking acct. it offers to active duty military members and achieved 23% growth on the product in 1 mo.
19 hours ago
.@FinancialCmte markup of Reg D Study Act set for Tuesday. CUNA will submit support letter. http://t.co/cDWkZ0Q0x1
23 hours ago