Credit union sales of first mortgages, which have contributed to record earnings this year, diminished in the second quarter.
In the three months ending June 30, credit unions originated $81.1 billion in first mortgages and sold $28.5 billion of them.
Originations have still been rising but at a slower clip. However, sales were down 15% from a year ago and down 4.9% from the first quarter.
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