WASHINGTON -- More than 50 credit unions were part of a Fannie Mae study on mortgages that revealed not only the face of the top credit union mortgage originators but also some lessons to be learned from the 2005 mortgage market.
Fannie's recently published "Mortgage Origination Benchmarking Study, Mortgage Focus" surveyed a third of the top US lenders by volume-128 institutions participated, of which 52 were credit unions.
Of those 52, 61% were community charter, 39% SEG or multi-SEG, 46% had more than $1 billion in assets, 22% were between $500 million and