Vermont Credit Unions lead the industry in mortgage market share at 23.9%
WASHINGTON, DC (October 2, 2015) — Wisconsin was second at 21.4%, followed by Iowa at 20.8%, Idaho at 19.8% and Rhode Island at 17.5%. New Hampshire (16.8%), North Carolina (16.6%), Utah (16.1%), Michigan (14.8%), and Maine (13.7%) round out the top 10.
Vermont leads the industry in market share of both the purchase and refinance markets according to this most recent data set, which covers mortgage activity from 2014. Wisconsin, Iowa, Rhode Island, New Hampshire, North Carolina, and Utah also appeared on all three lists.
“We know buying a home is one of the most important purchases members will ever make” said Bob Morgan, CEO of NorthCountry Federal Credit Union in Burlington, Vermont. “Home ownership can be a pathway to economic stability and create a deeper sense of community. We strive to offer creative, innovative solutions that allow people to buy a home, often for the first time. As a community credit union, the economic health and well-being of the area we serve is critical to our success. We can’t succeed unless we help our members and our community succeed.”
Callahan analyzed the latest HMDA data using MortgageAnalyzer, a mortgage market analysis software tool containing 19 million data points. Callahan scrubs, aggregates, and processes the data, delivering an effective and efficient platform for understanding mortgage markets and opportunities.
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