NORTHVILLE TOWNSHIP, Mich. — A campaign by the Michigan Credit Union League started in January to shed public light on the state's foreclosure crisis and the industry's role in aiding homeowners resumes May 2 with a special MCUL Mortgage Lending Summit here.
The event to include presentations by top officials of Michigan housing agencies and league brass will focus on "the safety and soundness trends being tracked by the agencies" in providing CUs timely information on mortgage lending.
A "Regulator Roundtable," said the league, will highlight trends regarding CU residential mortgage loan portfolios and related lending "as well as projections for the rest of 2008 and into 2009. Participants will discuss the workout steps that regulatory agencies would encourage or expect credit unions to take, what regulatory flexibility is being considered and how this may impact the examination process."
Scheduled to speak at the May 2 Summit will be Carol Brito, business development officer of the Michigan State Housing Development Authority, and John Niebieszczanski, chief of field operations for the U.S. Department of Housing and Urban Development.
The Summit will conclude with a panel discussion featuring perspectives from various asset-size CUs and mortgage lenders plus best practices and useful products/services available to CU members.
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