Manufactured Housing News

Indirect Auto Loans Struggle while Manufactured Home Loans Increase

Monday, 17 August 2020

Tags: Home Lending Market, Home financing, Loan Portfolio Improvement Tips, auto loans

During an economic downturn, people tend to cut spending and postpone big purchases, like cars and homes. But even though we’re currently facing a decline in economic activity, many people are planning to buy a home within the next few months. Conversely, many financial institutions are originating fewer auto loans despite rock-bottom interest rates.

Home Lending Increases While Credit Cards Decline

Wednesday, 5 August 2020

Tags: Loan Portfolio Improvement Tips, Lender Tips, Credit Union Tips

The number of home sales in the US rose unexpectedly in May 2020, exceeding both the number of homes sold in April 2020 as well as the home sales recorded during the same period last year. As most recent homebuyers purchased their homes with the help of a home loan, the home financing market looks solid in both the short and long term, despite the recent socio-economic uncertainty that has negatively affected the real estate industry. Thanks to historically low rates, credit union mortgage origination volumes have also risen, allowing credit unions to gain more market share.

Credit Unions Turn to Manufactured Homes for Interest Earning Assets

Friday, 31 July 2020

Tags: financial portfolio, Loan Portfolio Improvement Tips, Lender Tips, Credit Union Tips

According to CUNA, many credit unions have reported rising liquidity and lower loan origination volumes over the past few months. As this trend is expected to continue particularly due to the current government relief programs as well as a higher number of people looking for a safe place to keep their money, it could negatively affect the overall profitability of many credit unions. 

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