But if I am not mistaken their is a credit union here in MI holding their own paper and will not do 30 yr fixed, only 15 ( DFCU )..........
I’ve been watching my own credit union like a hawk, To their credit, they’ve been very conservative and cautious, reduced their mortgage portfolio by half in 2007, ceased mortgage lending entirely for over a year, and are now cautiously re-entering the market with stringent underwriting regardless of how good the FICO score is, and 30% down payment. Never did get into the ARM madness, so that exposure is nil.