Majority of Credit Unions in Recent Survey Plan to Reduce Mortgage Offerings
A recent CUNA survey showed that about 60% of the respondents will likely offer fewer mortgage options as a result of the new mortgage regulations scheduled to go into effect in January 2014. About half of the credit unions surveyed indicated that they are undecided about whether they will offer mortgages that do not meet the definition of a “qualified mortgage.” Consumers could be the ultimate losers. [10/21]