The market appears to have made significant progress digesting the large number of foreclosed properties left over from the housing finance crisis.
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.
ICBA says many of its rural members often make non-traditional loans that would not be allowed under proposed new rules.
Provision was to take effect on June 1. CUNA has asked for extension until January.
Wright-Patt lending chief says unintended consequences could result from new CFPB rules put on Fannie and Freddie.
Not much impact seen from Fannie Mae, Freddie Mac decision to buy only qualified mortgages after Jan. 10, 2014.
Complaint includes accusations that homeowners could lose homes because loan mods sat unprocessed on big bank desks.
FHFA said the GSEs will generally not buy loans that don't meet the CFPB's new "ability to repay rule."
White paper from CU Realty Services seeks to reassure credit unions about working with Realtors to build purchase money loan business.
Credit union says first quarter continues record pace and that 100% financing program performance stays strong.