FHFA said the GSEs will generally not buy loans that don't meet the CFPB's new "ability to repay rule."
The biggest obstacles to credit unions launching or growing a housing finance program are lack of staff, concerns about compliance and a lack of leadership from the highest executive levels, according to credit union executives and housing finance consultants.
Credit union says first quarter continues record pace and that 100% financing program performance stays strong.
Real estate, underwriting and loan processors all can make the move into loan origination, PFS Funding founder Joseph Parsons says.
Media sources report that Mark Zandi, chief economist at Moody's Analytics, is a lead contender to replace DeMarco.
Training from within one way to address lack of availability of new employees with mortgage lending skills.
California credit union books 135 loans worth $33 million through HARP 2.0, saving members $600,000 a year.
National Association of Realtors said limited inventory is now holding back the market in many areas.
Credit union's real estate arm opens new office in Columbia, Md.
Texas credit union says mortgage loans tripled from 2011 to 2012.