Freddie Mac

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  Onsite Coverage: Checklist Can Help CUs Get Started on CFPB QM Compliance

  By Heather Anderson  |  March 21, 2013

  NATIONAL HARBOR, Md. — Credit unions told how and why they need to get going now on new underwriting standards coming down.

• Watt Passes the Mic on DeMarco Amidst Appointment Speculation

  By Heather Anderson  |  March 20, 2013

  North Carolina congressman named as possible successor to embattled FHFA acting director. DeMarco taking flak over principal reductions.

• States Tell Obama to Dump DeMarco Over Principal Write-Downs

  By Heather Anderson  |  March 18, 2013

  Nine attorneys general pen letter saying Edward DeMarco stands in the way of progress for struggling homeowners.

• New York Congressmen Eye Extending Flood Insurance Premium Curbs

  By Arthur D. Postal  |  March 14, 2013

  Bill would slow rate of increase in NFIP premiums in areas that had been declared disasters.

• Two Credit Unions Offering No Money Down Mortgages

  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.

• GSE Reform Advances

  By David Morrison  |  March 8, 2013

  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.

• Will Strategic Defaulters Be the Next Credit Union Market?

  By David Morrison  |  March 8, 2013

  An executive whose previous firm advised homeowners looking to walk away from their mortgages says credit unions and other financial institutions should consider many of those same homeowners as potential new mortgage borrowers.

• CUNA's Hampel: GSE Reforms Could Hurt CU Low-Income Lending

  By Heather Anderson  |  March 7, 2013

  House subcommittee chair blames "bad mortgages" in comments at hearing on government-sponsored enterprises.

• Exec Says Strategic Defaulters Can Be Good Mortgage Risks

  By David Morrison  |  March 6, 2013

  Founder of YouWalkAway.com says 100-point hit in credit score expectable but can be overcome by long positive payment histories.

• House Hearing on GSEs Proceeds as Snow Falls

  By Heather Anderson  |  March 6, 2013

  Panel to discuss how government policy at Fannie and Freddie played role in housing collapse and financial crisis.