Credit union trade groups reviewing the details; concern is whether strategic defaults would be encouraged.
Trade participates in call with White House about three bills that would address mortgage modifications and refinancing.
FHFA said it has postponed but not killed idea of principal of forgiveness for Fannie and Freddie loans.
The Federal Housing Finance Agency, the federal regulator and conservator of government-sponsored mortgage giants Fannie Mae and Freddie Mac, has delivered a strategic plan for the two that envisions them becoming smaller and less relevant to the secondary mortgage market.
The Federal Housing Finance Agency has delivered a strategic plan for Fannie Mae and Freddie Mac.
Presidential candidate again misspeaks on credit unions, raising question if its intentional or lack of understanding. Either is troublesome.
Former House Speaker lumps credit unions with government-sponsored enterprises in Tampa debate.
New Jersey CEO says 30-year mortgages are "necessary for the health of the housing market."
White House spokesman calls Washington Post report "simply false." Paper says administration favors keeping strong federal role.
The average rate on a 30-year mortgage was 4.32% this week, compared with 4.39% last week, Freddie Mac said Thursday.