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
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
1 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
2 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
3 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
3 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
4 hours ago