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ACUMA conference to help CUs seize mortgage share

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LAS VEGAS (9/3/10)--The American Credit Union Mortgage Association (ACUMA) will host a conference Sept. 15-18 in Las Vegas on mortgage lending. The conference also will be open to virtual attendees through a live telecast on the ACUMA website at a reduced rate. Conference speakers will tell credit unions what consumers’ needs are regarding mortgages and how credit unions can meet those needs. Speakers include: Jim Gillespie, Coldwell Banker Real Estate Corp. president/CEO; Larry Platt, K&L Gates practice leader; Ann Clurman, The Futures Co. executive vice president; and Tom Millon, Capital Markets Cooperative president/CEO. Sessions will cover:
* The state of capital markets, including government and conventional loans; * The state of the mortgage and real estate brokerage market; * Adoption of new secondary market strategies; * Compliance with new regulations, including the Secure and Fair Enforcement Act; * Effective loss-mitigation strategies; and * Emerging trends in generational marketing, social media and technology.
Credit unions had a record $90 billion in mortgage loans outstanding in 2009, and the numbers will likely grow, according to ACUMA. “In the consumer space, credit unions are the best-kept secret,” said Bob Dorsa, ACUMA president.