BOSTON — Minnesota CEO Jeff Schwalen says he loses money on smaller mortgages because of 3% closing costs limit.
Tim Mislansky, a leading executive in credit union housing finance, has started a blog aimed at helping credit unions offer mortgage loans.
FHFA says more than 2.5 million housing finance loans have now been done through HAP since 2009.
During his June 27 confirmation hearing, NCUA Board nominee Richard Metsger dodged what might have been his most controversial question. Is raising the member business lending cap a good idea?
Sens. Mark Warner (D-Va.) and Bob Corker (R-Tenn.) introduced legislation June 26 that would reform America’s housing finance system by replacing the government-sponsored enterprises Fannie Mae and Freddie Mac with a privately capitalized system.
WASHINGTON — Federal Housing Finance Agency nominee explains position at confirmation hearing.
Southern Mass Credit Union is mourning the loss of longtime director John S. Mitchell, who has passed away at the age of 84.
CUNA Chief Economist Bill Hampel will be among panelists at a congressional discussion on plans to reform the secondary mortgage market.
Jerry Reed, chief lending officer from the $5.3 billion Alaska USA FCU, told lawmakers during a June 18 hearing on the Consumer Financial Protection Bureau’s qualified mortgage rule that products and product features were responsible for the mortgage market meltdown, not underwriting standards.
Senate gets measure Tuesday that would shut down Fannie Mae, Freddie Mac and FHFA within five years and create new corporation similar to FDIC.