Credit unions made more housing finance loans than ever before during the second quarter of 2012, according to an analysis of data conducted by Callahan & Associates. Callahan analyzes data collected and released by the NCUA along with its own data.
"Credit unions have stepped up their role over the past five years as the mortgage lending market has undergone an unprecedented transformation," says Jay Johnson, executive vice president at the Washington-based consultancy.
"The key for credit unions will be in continuing to drive these trends as the housing market shifts from a refinance to a purchase market," Johnson said.
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