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Article: Navy Federal Credit Union Commits $6 Billion for Mortgage in 2009.
- Article from:
- Women's Health Weekly
- Article date:
- January 22, 2009
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Navy Federal is pleased to announce that $6 billion has been committed to new mortgages for Navy Federal members in 2009, whether they're buying a new home or refinancing. This new commitment follows 2008 mortgage originations of over $5.7 billion, the second highest year for originations in Navy Federal's history. Ample liquidity and sound financials make it possible for the credit union to continue to offer its members low-rate mortgages that feature fixed rates, no junk fees and servicing for the life of the loan (see also Navy Federal Credit Union).
"Navy Federal never engaged in sub-prime mortgage lending," said Cutler Dawson, President/CEO. "As a result, we ...