mortgage giant

Regulations on Lending: Top Bêtes Noires

By Heather Anderson | April 29, 2012

Regulatory fallout from the housing crash, the Credit Card Act of 2009 and the new Consumer Financial Protection Bureau are making the daily duties of a loan officer look increasingly more like those of a compliance officer. Below are the most burdensome, difficult and confusing current regulations and proposed rules...
Top 7 Lending Compliance Issues for 2012

By Heather Anderson | April 20, 2012

Here's a list of some of the most burdensome, difficult and confusing regulations and proposed rules facing credit union lending officers today.
Top 7 Lending Compliance Issues for 2012

By Heather Anderson | April 20, 2012

Here's a list of some of the most burdensome, difficult and confusing regulations and proposed rules facing credit union lending officers today.
All Credit Unions Need to Take Equal Lending Laws Seriously: CUNA Mutual Compliance Director

By Heather Anderson | April 19, 2012

Size doesn't matter, CUNA Mutual compliance director Bill Klewin tells webinar. CFPB, meanwhile, issues bulletin on "effects test."
GTE CEO Faults Fannie on Foreclosure

By David Morrison | February 5, 2012

The 177,000-member, $1.4 billion GTE Federal Credit Union faces a $51,000 fee from Fannie Mae because it only used foreclosure attorneys the government-backed mortgage giant approved and ordered it to use.
Fannie Mae Changes Lawyers, GTE Pays the Price: Print Preview

By David Morrison | February 3, 2012

Fannie Mae imposes $51,000 fee for delays CU says it caused. Find out more in this article from the Feb. 8 print edition of Credit Union Times.
Fannie Mae Argues to Retain CU Mortgage Loans From Fraudulent Sale

By David Morrison | February 9, 2011

The ongoing battle in federal court over the fallout from the CU National mortgage scandal continues.
Fannie Mae to Target Walk-Aways

By David Morrison | July 7, 2010

Credit union mortgage servicers face an expanded and more important role under a new Fannie Mae policy designed to crack down on borrowers who walk away from their mortgage commitments.
New Fannie Mae Policy May Make CUs Mortgage Police

By David Morrison | June 25, 2010

Mortgage servicers, including credit unions, have a new stick to wield with loan borrowers who might contemplate walking away from a mortgage commitment, according to new policy from Fannie Mae.
Some CUs Settling Fight With Fannie Mae

By David Morrison | May 10, 2010

Some of the credit unions that lost money when US Mortgage CEO Michael McGrath fraudulently sold some of their loans to Fannie Mae have made progress in coming to a settlement with the mortgage giant and CUNA Mutual Insurance.