Mortgage production activity at federal credit unions tumbled sharply in 2004, as the industry saw originations drop faster than the overall market. Data from the National Credit Union Administration show that mortgage originations by the industry dropped 35.1 percent in 2004 to just $57.2 billion. The total market declined by an estimated 25.3 percent in 2004. Credit unions accounted for just 2.0 percent of total production last year. …