ALEXANDRIA, Va. -- NCUA Vice Chairman Rodney E. Hood addressed attendees of the National Federation of Community Development Credit Unions Mortgage Lending Seminar and commended them for their positive work in the current economy and stressed the importance of continuing to "be a part of the solution."
"You can do this through your commitment to serving the underserved and making capital accessible and affordable," Hood said. "With average net worth above 11.54%, America's federally insured credit unions are positioned to once again demonstrate the credit union philosophy of "people helping people" by making capital available to those who need it most, when they need it most."
The two-day seminar provided mortgage lending strategies to credit unions, housing organizations, nonprofits, housing industry professionals, and mortgage industry professionals.
Hood also identified the importance of homeownership as key to building sustainable wealth and creating strong, viable communities. Hood suggested partnering with organizations such as Federal Home Loan Banks, HUD and NeighborWorks America to increase homeownership.
"Such partnerships are necessary to make capital not only affordable but also available, particularly among the underserved," said Hood.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
