SEATTLE-Two credit unions based in the Puget Sound region are continuing to see excellent results from short-term, limited-fee mortgages they introduced this summer.

Both $9.6-billion BECU, Tukwila, Wash., and $146-million O Bee Credit Union, Tumwater, Wash., said the loans were designed to capture business from other lenders, and targeted consumers who have low balances on their current mortgages but might be dissuaded from refinancing due to the many fees incurred in a refi.

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