A package of services to help credit unions manage their mortgage business in today's distressed credit markets will remain available through the renewed alliance agreement between the Credit Union National Association CUNA and Freddie Mac.
The alliance provides participating credit unions with a comprehensive set of technological services, mortgage products and correspondent lending, such as Freddie Mac's borrower outreach initiatives, Freddie Mac notes.
‘With the current economic climate, this renewed alliance ensures that credit unions will continue to have options to succeed in the mortgage lending market, including affordable lending solutions to meet the needs of low- to moderate-income borrowers,’ says Wes Millar, senior vice president of CUNA Strategic Services.
Source: Freddie Mac