Proposal requiring member FIs to maintain 10% of assets in residential mortgages is unpopular.
In a consolidating industry, regulatory relief is a necessity, NAFCU leader urges.
Credit unions are already preparing to grow loan portfolio revenue in 2015.
The loss of more credit unions is at stake if regulatory burdens do not ease up.
LAS VEGAS — Don’t expect any legislative changes until 2017 due in part to improved performance.
A bill that would phase-out Fannie and Freddie is unlikely to pass a full Senate vote.
GSE reform passes the Senate Banking Committee Thursday over objections from Sen. Elizabeth Warren.
FHFA Director Mel Watt said his agency will maintain conforming loan limits and relax underwriting requirements.
However, Democratic opposition could prevent the bill from a full Senate floor vote.
GSE conservatorship agreement mandates all profits go to Treasury, not capital coffers.