Now MI policies will have to include loan modification strategies, agency says.
Two credit unions currently offering jumbo mortgage loans said they will still provide them, despite large banks in their markets beginning to aggressively price similar offerings.
One credit union cuts rates to compete, another explains why not.
Workers' Credit Union in Boston area says it's serving the largest and the smallest in its market.
Bill Hampel, senior vice president and chief economist at CUNA, told Congress Nov. 5 his trade association supports the Corker-Warner bill's general approach to housing finance reform, but he suggested several areas in need of improvement.
WASHINGTON—Richard Cordray, director of the Consumer Financial Protection Bureau, defended his agency’s qualified mortgage regulations against recent criticism during the Mortgage Bankers Association annual convention here Oct. 28. (See more coverage on page 3.)
WASHINGTON—Freddie Mac CEO Donald Layton urged housing finance executives Oct. 28 to focus less on the fate of his company and Fannie Mae and more on the lending infrastructure the two have marshaled.
Chief economist Bill Hampel testifies on housing finance reform Tuesday before Senate Banking Committee.
Apple FCU executive testifies on Tuesday at Senate hearing.
House Financial Services Chair Jeb Hensarling touts benefits of Fannie, Freddie phase out.