November 3, 2003


Comments

 
 
 
  • Wish you could break this out between mortgages and consumer loans. The recent mortgage boom looks like it has passed and breaking it out will allow us to see where the activity is for both.
    Anonymous
     
     
     
  • Editor's Note: Mortgage loans had a strong 3rd quarter among First Look participants, as balances grew 5.9% in just those 3 months (compared to 4.3% in the 2nd quarter). These credit unions also originated more First Mortgage loans in the 3rd quarter than the 2nd quarter, $8.5 billion compared to $6.5 billion. Even though the mortgage boom didn't slow down in the 3rd quarter, the refinancing boom my have. A smaller portion of originations appeared to be refinances, as a higher percentage "stuck" to the balance sheet growing the total portfolio. Future content on CreditUnions.com will delve deeper into the composition of the strong loan growth experienced by credit unions.
    Anonymous
     
     
     
  • Editor's Note: Mortgage loans had a strong 3rd quarter among First Look participants, as balances grew 5.9% in just those 3 months (compared to 4.3% in the 2nd quarter). These credit unions also originated more First Mortgage loans in the 3rd quarter than the 2nd quarter, $8.5 billion compared to $6.5 billion. Even though the mortgage boom didn't slow down in the 3rd quarter, the refinancing boom my have. A smaller portion of originations appeared to be refinances, as a higher percentage "stuck" to the balance sheet growing the total portfolio. Future content on CreditUnions.com will delve deeper into the composition of the strong loan growth experienced by credit unions.
    Anonymous
     
     
     
  • Wish you could break this out between mortgages and consumer loans. The recent mortgage boom looks like it has passed and breaking it out will allow us to see where the activity is for both.
    Anonymous
     
     
     
 
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