President Barack Obama laid out his initiative to reform the secondary mortgage market in a speech on Aug. 6 that trash talked Fannie Mae and Freddie Mac and voiced support for a Senate bill that would wind down the government sponsored enterprises and replace them with a mostly privatized system.
An innovative housing finance company is poised to introduce a new approach to mortgage lending, just when mortgage finance reform has put the future of the 30-year fixed rate mortgage in doubt.
President rolls out his own plan to wind down Fannie and Freddie, a plan similar to Corker-Warner proposal in the Senate.
Alaska USA Federal Credit Union, Anchorage, Alaska, announced promotions to its executive management team. Geoff Lundfelt has been promoted to chief operations officer. Lundfelt has held a variety of increasingly responsible positions during his 15 years with Alaska USA, most recently serving as executive director of retail financial services. Lundfelt...
President's new plan resembles Senate measure to wind down Fannie and Freddie.
From East and West, Midwest and South, credit union people in the news.
The House Financial Services Committee passed the Protecting American Taxpayers and Homeowners Act July 24 by a vote of 30-27.
House panel passes measure to eliminate Fannie Mae and Freddie Mac, largely privatize secondary mortgage market.
Democrats fail to add amendments to GSE bill after arguments over house prices.
A housing finance reform bill unveiled by House Republicans July 11 would wind down Fannie Mae and Freddie Mac and also contains a number of regulatory relief provisions, including tweaks to the CFPB’s qualified mortgage rule and exam reform.