Michael Bartlett

Collaboration will allow buyers to tap state assistance for down payment, closing costs.

Changes in the housing market are creating new opportunities and challenges for credit unions, including how they market themselves to potential borrowers.

Real estate loans have been growing over the last few years despite a number of headwinds, but can credit unions build on that trend as interest rates rise?

Bethpage Federal Credit Union, Holston Methodist Federal Credit Union and United Heritage Credit Union have all selected the FirstClose Report for instant title search, flood certification, valuation and property information tied to mortgage and home equity loan products.

The National Credit Union Administration said it has accepted a $29 million offer of judgment from Credit Suisse to resolve claims arising from losses related to purchases of residential mortgage-backed securities by Members United and Southwest Corporate Credit Unions.

CU Companies on Monday said it finished 2015 with "significant growth" in its mortgage lending partnerships.

The Morgan Stanley settlement follows a similar agreement with Barclays Capital in October that resulted in a recovery of $325 million.

Mountain America Credit Union has partnered with Pavaso to implement a new digital collaborative closing process to provide a better experience to members applying for mortgages called QuickClose.

Credit union loan balances grew at an 11% annualized pace in June, while loan delinquency rates fell, according to the latest Credit Union Trends Report from CUNA Mutual Group.