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?
Dort FCU of Flint is still enjoying the national limelight this week as the first financial institution in the U.S. to actually launch and implement funds distribution for the $1.5 billion Obama Administration program to help homeowners.
An improved economy and a desire of consumers to take advantage of a tax credit for first-time homebuyers combined to cause new home sales to increase 14.8% last month.
Housing starts increased 5.8% in April, following a 1.6% rise in March, according to a report issued today by the Commerce Department and the Department of Housing and Urban Development.
Warmer weather, a tax credit for first-time homeowners and improved consumer confidence in the economy combined to cause new home sales to increase 26.7% last month, the Departments of Commerce and Housing and Urban Development reported today.
Credit unions may face a long haul in building back up their mortgage portfolios if new home sales continue to fall as they did last month.
In another sign that some indicators are revealing that the economy is turning around, housing starts increased 2.8% last month, according to a report issued today by the Commerce Department and the Department of Housing and Urban Development.