A new Senate plan would insure and regulate mortgage backed securities like credit union deposits.
Heading into the GAC, legislative priorities for credit unions include protecting the tax-exempt status, data security and housing finance reform.
The complexity of reforming the secondary mortgage market, combined with its risk and Congress' inability to compromise, are the three reasons industry lobbyists and housing experts don't expect its completion in 2014.
Complexity, risk, congressional gridlock fingered in failure to reform Freddie, Fannie, FHFA this year.
Loan originator training and leveraged vendor relationships should help credit unions guide members through new CFPB rules.
FHFA inspector general audit recommendations include eliminating automatic overrides in system.
Any time new rules and regulations are implemented, there could be unintended consequences.
In particular, both CUNA and NAFCU praised Obama's support of patent reform.
New FHFA director says CFPB's new QM rule could significantly impact mortgage credit availability.
President Obama's choice to replace Board Member Michael Fryzel opposed the creation of the Small Business Lending Fund.