Fannie Mae

• New York Congressmen Eye Extending Flood Insurance Premium Curbs

  By Arthur D. Postal  |  March 14, 2013

  Bill would slow rate of increase in NFIP premiums in areas that had been declared disasters.

• Two Credit Unions Offering No Money Down Mortgages

  By David Morrison  |  March 14, 2013

  Navy Federal, NASA FCU have different philosophies, same approach to dealing with risk from mortgage loans with no down payments.

• GSE Reform Advances

  By David Morrison  |  March 8, 2013

  The Federal Housing Finance Agency, the regulator and manager of government-owned Fannie Mae and Freddie Mac, is poised to start to restructure the secondary mortgage market whether credit unions, banks or legislators are ready or not.

• Will Strategic Defaulters Be the Next Credit Union Market?

  By David Morrison  |  March 8, 2013

  An executive whose previous firm advised homeowners looking to walk away from their mortgages says credit unions and other financial institutions should consider many of those same homeowners as potential new mortgage borrowers.

• CUNA's Hampel: GSE Reforms Could Hurt CU Low-Income Lending

  By Heather Anderson  |  March 7, 2013

  House subcommittee chair blames "bad mortgages" in comments at hearing on government-sponsored enterprises.

• Exec Says Strategic Defaulters Can Be Good Mortgage Risks

  By David Morrison  |  March 6, 2013

  Founder of YouWalkAway.com says 100-point hit in credit score expectable but can be overcome by long positive payment histories.

• House Hearing on GSEs Proceeds as Snow Falls

  By Heather Anderson  |  March 6, 2013

  Panel to discuss how government policy at Fannie and Freddie played role in housing collapse and financial crisis.

• Fannie Mae and Freddie Mac to Consolidate Securitization

  By David Morrison  |  March 5, 2013

  Two secondary mortgage giants will begin work on their replacement.

• 

  Mergers Will Continue to Cull Small Credit Unions From Herd

  By Robert McGarvey  |  February 27, 2013

  Every day, six days a week, a credit union closes and never re-opens. That has been going on for many years. More than 3% of credit unions have annually closed for the past decade. By 2025, the United States will have around 4,500 credit unions.

• 

  Industry Anxieties Wane Over Fannie and Freddie Reform

  By David Morrison  |  February 27, 2013

  Despite what almost everyone agrees is the deep importance of the topic, credit unions have become largely ambivalent about reforming the secondary mortgage market and uncertain about potentially disrupting a system which seems to be working well, according to executives with credit union organizations familiar with the issue.