Callahan & Associates is urging credit unions to push forward with housing finance programs and aim to write 20% of the nation's mortgage loans.
Credit unions wrote 8% of the nation's mortgage loans in the first quarter of 2012, a new high. Callahan's suggested aiming to write 20% of the nation's mortgage loans by the year 2020.
"The window of opportunity is not going to stay open indefinitely. We should set our minds to our new goal and take the first steps now," said Jay Johnson, the Washington-based consultancy's executive vice president.
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