Lots of Agency Updates; Volume Estimates for 2015 – Helped by New Mod Plan?

By Rob Chrisman

Posted To: Pipeline Press

“Rob, do you know where I can find a list of the largest credit unions?” Yes I do: credit union ranking . Credit unions in the United States serve 100 million “members” and are not-for-profit, cooperative, tax-exempt organizations – the tax exempt status particularly riling bankers and mortgage bankers. Interestingly enough and to put things in comparison, total combined credit union assets in the U.S. reached $1 trillion about three years ago – still well below the asset size of Chase, Citi, Bank of America, or Wells Fargo alone. Residential lending industry observers are keenly attentive to volume projections. Using rough numbers, in 2013 we did about $1.8 trillion, 2014 was about $1.1 trillion, and this year the MBA thinks we’ll do about $1.2 trillion. This continued refi wave caught most…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: Lots of Agency Updates; Volume Estimates for 2015 – Helped by New Mod Plan?

      

Comments

About Mortgage News Daily

Mortgage News Daily

Check Also

Condos and Townhouses – You’re Comparing Apples to Oranges

Because I get the regular opportunity to chat with appraisers, I also have the regular …