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Homeownership Rate at Lowest Point Since 2000 Fratantoni, Mike; Kan, Joel; Sorohan, Mike The homeownership rate for the fourth quarter fell to 67.2 percent , a decrease from 67.6 percent in the third quarter and from 67.5 percent in the fourth quarter of 2008. This matched the lowest level of homeownership...

This following commentary was submitted by ACUMA member Jess Lederman, Kinetca FCU, Manhattan Beach, CA... In my opinion, the key to building purchase money relationships is building a bridge between an institution’s portfolio lending and mortgage banking strategy. That’s the philosophy I preach to anyone...

This article was forward to ACUMA by our mermber Walt Mullen, Sr. Vice President with Title Resource Group, Mt. Laurel, NJ... by Jennifer Saranow Schultz Tuesday, February 9, 2010 provided by Customers of the biggest banks in the United States are the least likely to believe their financial institution...

Good day to all… We are officially off and running in 2010. I wanted to take this opportunity to make some bold projections for mortgage loan production in 2010. We know 2009 was a great year for the mortgage origination CUs. 2010 will be much different. The MBA forecast projects total 2010 originations...

Due to a timing issue ACUMA Submitted the following to Chairman Matz on October 22. What is your opinion? Members are encouraged to discuss and debate this issue here on the ACUMA COmmunity Blog... Thanks... Bob. October 22, 2009 The Honorable Debbie Matz, Chairman National Credit Union Administration...

What does this tell us when 53% of all CU loans are mortgages and our market share is still below 6%? Add to this Tuesday July 28th Case-Shiller Index UP for the first time in three years? Does anyone else feel housing may be bottoming? CUs take note. Our window of Opportunity just closed a bit?

ACUMA member Tim Mislansky, SVP of Wright Patt Credit Union and President of myCUSO in Fairborn, Ohio would like to know...How many CUs are signing the Treasury agreement to participate in the modification program for portfolio loans? Please post your comment here or email Tim directly at TMislansky...

This questions was submitted by ACUMA Member Glen Ogden, from Appleton, WI. "I just spent three days in Chicago at the MBA Secondary Conference. Correspondent mortgage companies are hurting for warehouse lines and most banks are simply not offering them. The few that are are charging huge fees and...

The following question was submitted by ACUMA Member Leslie Creech from Virginia CU in Richmond VA. Section 32 of Reg Z is changing beginning October 1, 2009. We will no longer use the Treasuries + 8% test – it will change to the Freddie Mac PMMS +1.5% test. We have run this test on all loans closed...

The following question was presented by ACUMA Member Phil Poehler, from Prevail CU in Seattle, WA. I am seeking feedback as to methods and accointing procedures to book in our “servicing retained premiums” on loan sales to Fannie Mae? Any direction you can provide me would be greatly appreciated. You...