The House Banking Committee focused on oversight and trying to undo or modify some of President Obama’s initiatives while the Senate Banking Committee focused on less sweeping efforts in 2011.
Democratic House members won’t pick a successor to retiring Rep. Barney Frank (D-Mass.) in the top spot on the House Financial Services Committee for a year, and it’s far from a sure thing that the member next in line, Rep. Maxine Waters (D-Calif.), will get the nod.
Third quarter figures from Mortgage Bankers Association show lowest delinquency rate since fourth quarter of 2008.
Calling it a net plus for the consumers and the housing market, Affinity FCU President/CEO John Fenton urged lawmakers to ensure that any changes in the housing finance system don’t jeopardize the existence of the 30-year mortgage.
New Jersey CEO says 30-year mortgages are "necessary for the health of the housing market."
New Jersey CEO executive to represent NAFCU before the Senate Banking Committee.
SAN FRANCISCO — Fresh off the fight over debit interchange fees, NAFCU now focuses on a range of other goals, chief lobbyists tell attendees.
Senate Banking Committee panel to hear about importantce of secondary housing market to small financial institutions.
We agree with David Reiss that credit unions could benefit from increased competition resulting from a privatized mortgage market ("Professor Says CUs Should Back GSEs' Privatization," March 2, page 3) provided, as he states, that "they maintain their access on par with that of larger financial institutions." Otherwise, credit unions...
David Stevens, the director of Federal Housing Administration, was named the president/CEO of the Mortgage Bankers Association today.