CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Credit Union Magazine
    • Buyers' Guide
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » CUs’ mortgage market share continues to rise
Lending

CUs’ mortgage market share continues to rise

‘We expect credit unions to continue to outperform in the mortgage arena.’

November 1, 2018
Mike Schenk
No Comments
CUs’ mortgage market share continues to rise

Home loan originations should help credit unions maintain healthy portfolio growth.

The Mortgage Bankers Association (MBA) expects mortgage originations to decline 6.1% in 2018 and a modest 0.9% in 2019, followed by a 2.4% increase in 2020 as slower home price increases help to stabilize affordability.

Against a backdrop of modestly higher interest rates, MBA’s August 2018 forecast reflects declining refinance activity.

Refinancings accounted for 35% of total originations in 2017. But that’s expected to decline to 28% this year and to roughly 25% in both 2019 and 2020

We expect credit unions to continue to outperform in the mortgage arena. Credit union mortgage originations accounted for only 1.9% of the national total in 2007.

That share has increased steadily over the years, reaching 8.2% at year-end 2017 and 8.7% at midyear 2018.

MIKE SCHENK is CUNA’s deputy chief advocacy officer for policy analysis and chief economist.

Post a comment to this article

Report Abusive Comment

Credit Union Magazine: Winter 2023

Winter 2023

The Winter 2023 issue of Credit Union Magazine explores award-winning marketing, board training on a budget, developments in instant payments, service to small businesses, and NCUA’s final rule on member expulsion.
Digital Edition •  Subscribe

Trending

  • Overtime proposal could have negative impacts on small, rural CUs

  • Chopra testimony, House 1071 rule disapproval vote this week

  • Nussle: Interchange bill puts consumers on hook for big box profits

Polls

How do you feel about the economy in 2024?

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us