mortgages

• GSE Qualified Mortgage Limit Will Have Little Impact

  By David Morrison  |  May 15, 2013

  The bulk of credit union and CUSO mortgage programs will see minimal impact from Fannie Mae and Freddie Mac limiting the secondary market to only qualified mortgages, according to credit union and CUSO ­executives.

• Banker Survey: CFPB’s QM Exemption Too Narrowly Defines 'Rural'

  By Heather Anderson  |  May 10, 2013

  ICBA says many of its rural members often make non-traditional loans that would not be allowed under proposed new rules.

• CFPB Delays Credit Insurance Rule to Clarify Language

  By Heather Anderson  |  May 9, 2013

  Provision was to take effect on June 1. CUNA has asked for extension until January.

• New GSE Rules Could Limit CU Housing Finance to Lower Income, Exec Says

  By David Morrison  |  May 8, 2013

  Wright-Patt lending chief says unintended consequences could result from new CFPB rules put on Fannie and Freddie.

• GSE Change Seen Minimal for Credit Union Mortgage Lenders

  By David Morrison  |  May 7, 2013

  Not much impact seen from Fannie Mae, Freddie Mac decision to buy only qualified mortgages after Jan. 10, 2014.

• New York AG Threatens Mortgage Servicing Suits Against BofA, Wells Fargo

  By Heather Anderson  |  May 6, 2013

  Complaint includes accusations that homeowners could lose homes because loan mods sat unprocessed on big bank desks.

• Fannie and Freddie to Reject Non-QM Mortgages Starting January 2014

  By Heather Anderson  |  May 6, 2013

  FHFA said the GSEs will generally not buy loans that don't meet the CFPB's new "ability to repay rule."

• CUSO Urges Credit Unions Not Fear Realtors

  By David Morrison  |  April 26, 2013

  White paper from CU Realty Services seeks to reassure credit unions about working with Realtors to build purchase money loan business.

• Navy Federal Continues Record Mortgage Originations

  By David Morrison  |  April 22, 2013

  Credit union says first quarter continues record pace and that 100% financing program performance stays strong.

• Lending Solutions Hits 5 Million Loan Applications

  By Marc Rapport  |  April 18, 2013

  CEO said milestone demonstrates the trust the industry has in the provider, which was founded in 1995.