In the 1st quarter of this year, NCUA revamped the Real Estate Loans section
of the 5300 call report in order to take a closer look at the complete real
estate loan breakdown for the industry.
Prior to the 1st quarter of 2004, first mortgages were split into just two
categories: fixed rate and adjustable rate mortgages. The new call report breaks
first mortgages into seven categories to give NCUA and the public more detail:
- Fixed Rate > 15 Years
- Fixed Rate < 15 Years
- Balloon/Hybrid > 5 Years
- Balloon/Hybrid < 5 Years
- Other Fixed Rate
- Adjustable Rate < 1 Year
- Adjustable Rate > 1 Year
Using Callahan’s Peer-to-Peer analysis software, we can take a look at
the first mortgage breakdown for the entire credit union industry.