Michael Bartlett

Credit unions are being cautioned to double-check the nonjudicial foreclosure statutes in the states in which they do mortgages for notice requirements in the wake of a closely watched Nevada state court ruling.

A credit union vice president joins those expecting the second half of 2013 to bring a slow but steady increase in mortgage rates.

The CFPB's mission to protect consumers is a "great one," but the "problem" is how the new regulator is going about its business, said Michael Benoit a partner with Hudson Cook LLP.

One loan driver is anecdotal evidence shared by a number of credit unions that are booking mortgages with low loan-to-value and short duration.

The next few months will see significant changes in the mortgage loan market and those changes will impact the credit unions that write those loans.

Mortgage origination provides credit unions with important fee income, brings interest-earning potential, and ultimately builds membership loyalty.

Credit unions and their CUSOs are looking to create new growth opportunities in everything from investments, to some untraditional lending activities and even collections.

It's a common refrain: credit unions need to build relationships with Realtors to improve their purchase mortgage business.

Before a lender can file for foreclosure, the State of Nevada requires mediation between the lender and the borrower.

redit unions need to capture as many purchase mortgages as possible because the long-running refinance boom is winding down.

Credit unions are not doing enough to generate more purchase-mortgage dollars going forward.

With uncertainty surrounding the future of Fannie Mae and Freddie Mac, one CUSO is developing a capital markets alternative credit unions can use.

With eight months to go before new mortgage rules from the Consumer Financial Protection Bureau take effect, credit unions are struggling with how to respond.

While most people might think of an open house as an event hosted by a Realtor, $106-million HomeTown Credit Union turned the tables a bit and welcomed real estate professionals into two of its branches with open houses of its own.

Technology Credit Union has increased its lending limits on super jumbo loans up to $8 million on ARMs and $3 million on fixed-rate mortgages.

Credit unions are breathing a little easier that they will not be subject to the raft of new CFPB mortgage rules because they believe they're exempt may be in for a surprise.

Becky Walzak is concerned credit unions might think outsourcing their servicing means outsourcing the risk.

Just two weeks after issuing new mortgage rules, the Consumer Financial Protection Bureau added 1,800 pages of regulations covering mortgage servicing.

The credit union movement cannot survive without the ability to write mortgages, meaning they simply will have to abide by the new rules.

Affinity FCU said it has approved approximately 150 applications for a 5/5 adjustable-rate mortgage product it introduced earlier this year.