We could easily argue that the past few years have presented their own set of credit union mortgage lending challenges, but 2024 may have been the light at the end of a dark tunnel with its fair share of positive points. Will this translate to brighter times, greener pastures, and higher volume levels in the years to come? Only time will tell, and our experts may have the inside scoop on what success might look like in 2025 as we face a new market and an ever-evolving compliance landscape.
To address these issues, ACUMA president Peter Benjamin hosts two leading thinkers in the credit union mortgage lending space. Here are some of the topics we can expect from their discussion:
For Michael Christians, compliance counsel for his own consulting firm, the regulatory issues and compliance questions facing credit unions may be among the most daunting, including:
- Appraisal bias (new rules and guidance on reconsiderations of value and AVMs)
- Proposed changes to the mortgage servicing rules
- Seasoned qualified mortgages
- An update on FHFA’s transition to bi-merge credit reports
- Redlining
For Rob Chrisman, possible challenges also focus on capital markets and interest rates, raising the following questions:
- Why did rates jump after the election results became apparent?
- What news should originators watch for as we move through 2025?
- Realizing that no one can predict rates, can we predict them anyway?
- What are the trends in the capital markets world of which credit union members should be aware?
This year-end episode of the ACUMA Fast Track series will contain a substantial amount of both information and prognostication. No credit union mortgage lender can afford to miss this one.