More evidence has appeared suggesting housing finance loans purchased by Fannie Mae and Freddie Mac are poised to get a bit smaller.
President's new plan resembles Senate measure to wind down Fannie and Freddie.
LAS VEGAS — The continued uncertainty surrounding the reform of the secondary mortgage market, combined with what that might mean for credit unions and what they should do, led the way at the American Credit Union Mortgage Association's 15th annual fall conference.
LAS VEGAS — Brooklyn University Law Professor David Reiss said he expects Fannie and Freddie to be reformed but not eliminated.
WASHINGTON — Credit unions seeking to write more mortgage loans should focus on lending more for their own portfolios, streamlining and speeding up their mortgage underwriting process and reaching out more comprehensively to Realtors.
Identifying the year’s key trends and determining how to capitalize on them for the benefit of your members and your bottom line is always important. However, 2011 will be particularly pivotal within the residential mortgage market. There are three areas to watch closely.
Dexter Credit Union, Central Falls, R.I., announced the naming of Richard E. Smith as the new president/CEO