Daniel Weickenand, CEO of the $531 million Orion FCU in Memphis, Tenn., said low margins and risk forced him to discontinue non-QM loans.
GOP Rep. Randy Neugebauer asks for speedy approval from banking industry regulators, sparking calls for caution from some insurers.
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.
Panel to discuss how government policy at Fannie and Freddie played role in housing collapse and financial crisis.
Legislation increases borrowing authority by one third, draws Republican ire and promises to take NFIP private.
WASHINGTON — Although speakers at NAFCU’s Congressional Caucus pledged their support for credit union member business lending , not one member of Congress said MBL legislation would be passed before the end of this year.
WASHINGTON — GOP lawmaker miffed league gave $250,000 check to his opponent; league says it was $135,000 and it gave him $5,000.
CUNA President Bill Cheney and Gerber FCU President/CEO John Buckley are scheduled to discuss the impact of the financial overhaul bill on small financial institutions at a House Financial Services subcommittee hearing next Wednesday.
There will likely be another round of place holding and finger pointing on Capitol Hill on Sept. 15 when a House Financial Services Subcommittee opens a hearing on Fannie Mae and Freddie Mac.
After having dropped off for a month, CUNA's Credit Union Legislative Action Council is again on the list of top of the top 20 donors to federal candidates, according to data compiled by the Center for Responsive Politics.