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.
Two secondary mortgage giants will begin work on their replacement.
These three articles offer an in-depth look at the beginning of the new year for Congress and credit unions.
CUNA announced new legislative priorities for 2013 that include four key agenda items: preserving the credit union tax exemption, reducing regulatory burden, engaging in housing finance reform and advancing credit union charter enhancements.
Forget that jobless claims were revised upward, even higher than initial projections. The New Year is a time for optimism. As California CU League Economist Dwight Johnston wrote in his commentary in the Trust for Credit Unions e-newsletter, “This was the fifth year in a row of triple-digit gains on...
It seems likely that 2013 will contain two distinct aspects for credit union mortgage programs. On the one hand, it seems certain that credit unions will continue to take a greater share of the overall mortgage market.
Resolution for 2013: Put some energy into political activity, regardless of which side of an issue you're on.
Independent Community Bankers of America also vow to fight raising of member business lending cap.
So much to do, so many potential distractions. That’s the outlook facing Congress as it returns to work after its holiday break.
New Jersey CEO says 30-year mortgages are "necessary for the health of the housing market."