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Wrong Barbara Sheehan?

Barbara Sheehan

Assistant Vice President for Mortgage Products

Navy Federal Credit Union

HQ Phone:  (703) 255-8000

Email: b***@***.org

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Navy Federal Credit Union

820 Follin Lane

Vienna, Virginia,22180

United States

Company Description

Navy Federal Credit Union is the world's largest credit union with more than $78 billion in assets, 6 million members, 291 branches and a workforce of over 14,000 employees worldwide. The credit union serves all Department of Defense and Coast Guard Active Dut...more

Web References(13 Total References)


Credit Unions May Be a Better Option Over an FHA Mortgage Loan

www.creditunionsonline.com [cached]

Barbara Sheehan, assistant vice president for mortgage products at Navy Federal Credit Union (Vienna, VA) says that post-recession recovery means less money in many consumer's pockets.
"Some people had to take losses to sell their houses, so to have to start over and save the money again for a down payment is really difficult," she told BankRate.com. Navy Federal offers 100% financing for primary homes and only a 1.75% funding fee--even lower than Veterans Affairs (VA) fee.


www.deangraziosi.com

Barbara Sheehan, Navy Federal's assistant vice president for mortgage products, says when members of the military are transferred, they sometimes own houses whose values have fallen, wiping out equity.
"Some people had to take losses to sell their houses, so to have to start over and save the money again for a down payment is really difficult," she says.


www.bankrate.com

If the government shuts down, lenders would still be able to process and close VA-backed mortgages, says Barbara Sheehan, assistant vice president of mortgage products for Navy Credit Union in Vienna, Va.
Sheehan says she doesn't expect borrowers to encounter major issues when they try to close on a VA loan next week, as long as the Department of Veteran Affairs' electronic system, used to process the loan files, remains operational during the shutdown. "In reality there is not any direct interaction with the VA during the origination and processing and closing of the loan," she says.


mortgagefast.com

If the government shuts down, lenders would still be able to process and close VA-backed mortgages, says Barbara Sheehan, assistant vice president of mortgage products for Navy Credit Union in Vienna, Va. Sheehan says she doesn't expect borrowers to encounter major issues when they try to close on a VA loan next week, as long as


www.dcmilitary.com

In addition, new regulatory changes are pending that will impact mortgage lending practices in the future," said Barbara Sheehan, assistant vice president, mortgage products at NFCU.
NFCU has never engaged in sub-prime lending. ,,Credit unions' continued high level of net worth will help them weather today's turbulent economy; however, credit unions are not immune to financial stress, as noted in the delinquency increase in categories such as credit cards and mortgage loans," said NCUA Chairman Michael E. Fryzel. ,,NCUA is keeping a watchful eye on these adverse trends as part of a broader commitment to maintaining a safe and sound credit union industry," he added.


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