In The News

In The NewsMerger

Lowland Credit Union Merges With ORNL Federal Credit Union

The National Credit Union Administration (NCUA) recently awarded ORNL Federal Credit Union (ORNL FCU), the second largest federally chartered credit union in the state of Tennessee, a merger with Lowland Credit Union (LCU). Following state regulatory approval and LCU member’s vote of approval, the merger was effective May 1, 2024. ORNL FCU is the continuing credit union, with LCU employees and members now ORNL FCU employees and members. 

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Borrower OutreachIn The News

Empowering 1st Generation Homebuyers With A 1% Down Payment Loan Program

Panorama Mortgage Group, LLC (PMG), a leading nationwide independent mortgage bank headquartered in Las Vegas, Nevada, operating under the DBA’s Alterra Home Loans, Vision Mortgage Group, LEGACY Home Loans and Lone Peak Lending, has launched an innovative and proprietary loan program that breaks down the barriers for first-generation, first-time homebuyers with its unique 1% down payment and 2% grant down payment assistance; known as the 1st Generation Homebuyer (1st Gen) loan program.

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Home PurchasesIn The News

US CoreLogic S&P Case-Shiller Index Bucks Trend, Reaccelerates To 6.4% In February

As with many economic indicators, the road to normalizing housing markets remains bumpy. While home sales and inventories are improving from last year’s bottom, higher mortgage rates continue to challenge affordability and keep many potential buyers on the sidelines. Despite new listings jumping by double digits in many markets, pending home sales activity is tracking about 5% to 7% higher through March compared with last year.

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