Financial managers debate whether the NCUA is overblowing IRR concerns, or if the industry faces a serious threat.
A New York-based investment banker said he’s noticed an uptick in his bank and credit union clients selling mortgages to the secondary market, especially when the loans aren’t performing.
Credit union industry figures blitzed Washington media outlets this week to bring attention to S. 2231, the bill that would increase the MBL cap.
Audits typically are prosaic matters, filed by accountants, read by accountants and swiftly forgotten. Not so the recent audit of NCUA’s Temporary Corporate Credit Union Stabilization Fund, announced by the agency on Dec. 27, a day when many are on vacation.