The Federal Home Administration has reported to Congress that its Mutual Mortgage Insurance Fund will return to its mandated capital levels more quickly than had been previously expected.
At press time, the fate of the credit union tax exemption was still up in the air.
The Consumer Financial Protection Bureau is just beginning its work, but that hasn’t stopped its critics from aiming their rhetorical fire at it.
The Consumer Financial Protection Bureau is still in its infancy but critics already say it's not playing nicely with others.
Reaction from around the industry has been highly mixed. In general, a great diversity of thinking exists across the industry as to what’s important and relevant. That’s good. In formulating your own opinions, there are several pieces to consider.
The NCUA is a low-profile agency, but that may not prevent the nomination of Carla M. Decker from getting caught up in pre-election political wrangling.
The Obama administration announced on Oct. 21 the nomination of Carla M. Decker, CEO of District Government Employees FCU, to replace NCUA Board Member Gigi Hyland, whose term has expired.
Saying that it hopes to help several million more families save money while helping the economy, the Obama administration on Oct. 24 unveiled a multifaceted plan to encourage the refinancing of mortgages.
Credit unions by and large have been seen as the good guys in the ongoing housing finance crisis. In general, more conservative underwriting prevented most credit unions from making the mortgage loans that were most likely to wind up delinquent.
Like Noah’s ark, the Senate Banking Committee often considers nominees in pairs.