Guest Opinion: Housing’s Future Hinges on Planning
The reform of the secondary mortgage market in the U.S. is like a very slow moving train. As of now, it appears that neither political party will take up the issue until after the 2012 elections, which are still more than a year away. But even a very slow moving train eventually gets where it’s going. Before that happens, I believe credit unions need to be organized to meet it.
Recently, I had the opportunity to join a panel with two of my fellow CEOs, Rudy Hanley from SchoolsFirst Federal Credit Union and Nader Moghaddam from Financial Partners Credit Union, along with John McKechnie from Total Spectrum, a Washington government relations firm, at the American Credit Union Mortgage Association Conference to discuss the future of secondary markets and credit union implications.