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By David Morrison |
May 15, 2013
The bulk of credit union and CUSO mortgage programs will see minimal impact from Fannie Mae and Freddie Mac limiting the secondary market to only qualified mortgages, according to credit union and CUSO executives.
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By David Morrison |
May 7, 2013
Not much impact seen from Fannie Mae, Freddie Mac decision to buy only qualified mortgages after Jan. 10, 2014.
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By David Morrison |
May 1, 2013
Credit unions facing a lack of available and affordable mortgage loan professionals should not look for the staffing challenge to ease anytime soon, according to housing finance executives and consultants.
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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.
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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.
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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.
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By David Morrison |
October 1, 2012
LAS VEGAS — While the first day of the American Credit Union Mortgage Association’s 16th annual conference featured optimism about credit union housing finance amid an uncertain economy, the second day was overshadowed by concerns about regulatory changes and secondary-market uncertainty.
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By David Morrison |
September 28, 2012
Excitement, acceptance, anxiety and optimism. Veteran reporter David Morrison analyzes what he saw and heard at the annual ACUMA conference in Las Vegas.
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By David Morrison |
September 28, 2012
Excitement, acceptance, anxiety and optimism. Veteran reporter David Morrison analyzes what he saw and heard at the annual ACUMA conference in Las Vegas.
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By David Morrison |
September 2, 2012
Although many credit unions may not have realized it, the second version of the federal government’s Home Affordable Refinance Program is a more workable and beneficial for both borrowers and credit unions than its predecessor, according to housing finance executives at credit unions that have begun making the loans.
