Saying that it hopes to help several million more families save money while helping the economy, the Obama administration on Oct. 24 unveiled a multifaceted plan to encourage the refinancing of mortgages.
Modifications to HARP aimed at helping millions of families and the economy, HUD secretary says.
Should CUs join a retreat from reverse mortgages or continue offering the loans aimed at seniors?
Agency keeps $625,000 maximum level nationwide in Home Equaity Conversion Mortgage program.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
Identifying the year’s key trends and determining how to capitalize on them for the benefit of your members and your bottom line is always important. However, 2011 will be particularly pivotal within the residential mortgage market. There are three areas to watch closely.
A professor of law at Brooklyn Law School argued that credit unions should back the privatization of Fannie Mae and Freddie Mac, provided they can also ensure they get the same access to a privatized secondary mortgage market that banks would get.
The new Bureau of Consumer Financial Protection–which will be the driving force behind the writing and enforcement of a myriad of consumer regulations–isn’t scheduled to begin operating until July.
NAFCU has written the Obama Administration asking it to make sure credit unions are included in the coming debate on how to restructure the nation's policy housing finance.
Should I refinance? Will I qualify for a mortgage? Am I paying the right price for this house? Will mortgage rates drop even more?