**UPDATE** – After an outcry from various industry organizations, associations, lenders and the general public, the FHFA has made some adjustments to the Adverse Market Fee as originally planned. The fee will now go into effect on December 1, 2020 and impact loans above $125,000. The Home Ready and Home Possible loan products will […]
The Impact of COVID-19 on Mortgage Lending
CU Members Mortgage Senior Vice President Steve Hewins speaks with CU Broadcast’s Mike Lawson to provide and update on how COVID-19 is impacting the mortgage industry for both lenders and members. Plus, he shares the latest on forbearance and what that really means for members. Originally shared from CU Broadcast at https://www.cubroadcast.com/episodes/2096-what-mortgage-lending-looks-like-during-covid-19-our-new-normal.
Homebuyer Assistance Program Available for Credit Union Members
As a member institution with the Federal Home Loan Bank (FHLB) of Dallas, CU Members Mortgage is now offering credit union members the opportunity to take advantage of their Homebuyer Equity Leverage Partnership (HELP) program. The HELP program assists low-income-qualified, first-time homebuyers with down payment assistance and closing costs. Program specifics include: Up to $10,000 […]
New Affordable Lending Options Making Home Ownership Happen in 2020
CU Members Mortgage Senior Vice President Steve Hewins joined Mike Lawson at the Studio Lounge at the CUNA Governmental Affairs Conference in February 2020 to share the latest in affordable lending options including manufactured housing options and the latest Freddie Mac BorrowSmart program. Originally shared from CU Broadcast at https://www.cubroadcast.com/episodes/gac20-interviews-cu-members-mortgages-hewins-addresses-affordable-lending-and-housing-for-todays-members
New Program by Freddie Mac Makes Housing More Affordable
Freddie Mac has a new program now available to help assist members financially with their home purchase. The Freddie Mac BorrowSmartSM program provides down payment and/or closing cost assistance for members who meet income and location requirements and participate in homebuyer counseling. By partnering with CU Members Mortgage, Credit Unions have the opportunity to offer […]