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February 9, 2004


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Anonymous

7/26/2012 04:14 PM

Interesting and informative! The operative word here is ACT NOW!!! I believe that Credit Unions are in the business to provide services and products to a field of membership that historically were “under-severed” (by other financial organizations). So, in actuality, no potential homebuyer should be denied a mortgage. Credit Unions who want to play with the big boys should be taking on “big-boy risk” ventures - and if that happens to be in mortgage lending then so be it. The risk exposure could be absorbed by what was mentioned in your article. I would like to know more about CRA laws and affect on State, Federal and SEC credit unions.

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