CUs set records in 2009 for mortgage originations and sales in the secondary market. Focus •
U.S. home sales dropped in first-quarter 2010, while CU mortgage originations continued to grow. • CUs that don’t
prepare now to grab mortgage market share might be missing a rare opportunity....
The recession will continue through 2009 before there’s light at the end of the economic tunnel, according to CUNA Senior Economist Steve Rick. Negative economic growth began in the third quarter of 2008 as consumer spending declined for the first time in 17 years, he explains. Credit-dependent sectors will see the... READ MORE