Multiple residential lenders have recently reported strong mortgage originations. Some have touted all-time high quarterly activity, while monthly records were announced by others.
Based on an analysis of Home Mortgage Disclosure Act data, Callahan & Associates determined credit unions were responsible for 6.1 percent of 2015 purchase-money first-mortgage originations.
Credit union market share was greatest in Alaska at 28.4 percent. The share was 24.0 percent in Vermont, 18.3 percent in Wisconsin, 16.9 percent in Iowa and 15.9 percent in Idaho.
Source: Mortgage Daily