Wednesday, January 7, 2009

Navy Federal Originations Double in Fairfax County

Navy Federal Credit Union more than doubled their Conventional Mortgage Originations for Fairfax County, Virginia in October from the September numbers. The chart below shows the monthly origination numbers for 2008.

Click on the image below for a larger view.

This increase increase in originations led to a significant increase in their Fairfax County market share, as the chart below shows.

Click on the image for a larger view.

This is an important development for Navy Federal Credit Union , the world's largest credit union. Navy Federal Credit Union has announced an even larger commitment in mortgage lending for 2009. Click here to view the Navy Federal Credit Union press release. We will be following this in the coming months to see if their monthly originations and market share continue to rise.

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