Fannie Mae

• Senate Gives CUs the Cold Shoulder

  By Heather Anderson  |  April 3, 2013

  Credit union trade associations shrugged off a 2014 budget amendment passed by the Senate March 22 that would “establish a deficit-neutral reserve fund to address the disproportionate regulatory burdens on community banks,” according to a release from sponsor Sen. John Boozman (R-Ark.).

• New Modification Program Will Be Required by FHFA

  By Heather Anderson  |  March 28, 2013

  Borrowers relieved of requirement to document hardship or financial situation.

• FHFA Foreclosure Report Shows Best Numbers Since 2008

  By Heather Anderson  |  March 27, 2013

  Foreclosure figures released in a report Wednesday from the Federal Housing Finance Agency indicates the housing market is on the road to recovery.

• N.C. Rep. Watt Fuels FHFA Appointment Speculation

  By Heather Anderson  |  March 27, 2013

  During the March 19 House Financial Services hearing on the conservatorships of Fannie Mae and Freddie Mac, Rep. Mel Watt (D-N.C.) yielded back the majority of his allotted time due to “media speculation over the weekend.”

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  No Money Down Mortgages Stage a Comeback

  By David Morrison  |  March 27, 2013

  Two credit unions, NASA Federal Credit Union and Navy Federal Credit Union, are offering members mortgages without requiring any down payment or mortgage insurance.

• Budget Amendment Would Stop the Funneling of G-Fees to Deficit

  By Heather Anderson  |  March 25, 2013

  NAFCU, CUNA join bankers, real estate lobby in supporting move to stop Fannie Mae, Freddie Mac fees going to pay off deficit.

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  Housing Collapse, GSEs Dominate House Financial Services April Agenda

  By Heather Anderson  |  March 22, 2013

  Commmittee Chair Hensarling reiterates aim to eliminate Fannie Mae, Freddie Mac as government-sponsored enterprises.

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  Onsite Coverage: Checklist Can Help CUs Get Started on CFPB QM Compliance

  By Heather Anderson  |  March 21, 2013

  NATIONAL HARBOR, Md. — Credit unions told how and why they need to get going now on new underwriting standards coming down.

• Watt Passes the Mic on DeMarco Amidst Appointment Speculation

  By Heather Anderson  |  March 20, 2013

  North Carolina congressman named as possible successor to embattled FHFA acting director. DeMarco taking flak over principal reductions.

• States Tell Obama to Dump DeMarco Over Principal Write-Downs

  By Heather Anderson  |  March 18, 2013

  Nine attorneys general pen letter saying Edward DeMarco stands in the way of progress for struggling homeowners.