Posted To: Pipeline Press
Yesterday I flubbed up by discussing the Administration’s proposal to eliminate credit unions and have the CFPB control the credit process . The article discussed eliminating credit bureaus , not unions, and fortunately the link was there. Credit unions are alive and well and continue to garner market share in residential mortgages. In fact, many will argue that CUs are filled with competitive people hate to lose more than they love to win. (But that is a whole different psychological discussion, mostly dealing with the profile of sports stars and gamblers.) Credit is the mother’s milk of lending, and one reader had some thoughts on current trends which are posted below. Broker and Lender Products and Services Who gets to decide if something is “historical”? A search…(read more)
