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?
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.