The 119,000-member, $1.8 billion Navy Army Community Credit Union has a problem: its members love the credit union too much. Or at least they love its branches.
President Barack Obama laid out his initiative to reform the secondary mortgage market in a speech on Aug. 6 that trash talked Fannie Mae and Freddie Mac and voiced support for a Senate bill that would wind down the government sponsored enterprises and replace them with a mostly privatized system.
Just because some founders of the Occupy Wall Street group have decided to launch a financial coop-erative that is not a credit union, doesnt mean they are against the idea.
An innovative housing finance company is poised to introduce a new approach to mortgage lending, just when mortgage finance reform has put the future of the 30-year fixed rate mortgage in doubt.
Whether or not the Federal Reserve can or will appeal the July 31 court decision that overturned two-thirds of its debit interchange regulation hinges on several unresolved legal questions.
