The credit union movement is hitting new highs in first mortgage market share and originations, and it's increasingly sharing the wealth in a most credit union-y way.
That's because loan participations are clearly on the rise while sales into the secondary market remain dominant but relatively flat among America's member-owned financial cooperatives.
As we reported in our second quarter Trendwatch, first mortgage market share rose 90 basis points year over year to 8.2%. Just more than a third – 33.8% – of that $67.5 billion in originations year-to-date have been sold into the secondary market. Five years ago, that was 50.4% of $56.3 billion in first mortgage originations sold off in the first six months.
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