News

DALLAS -- Fannie Mae Senior Risk Manager Nathan Myres told credit union mortgage officials listening to a Webinar sponsored by CU Members Mortgage here yesterday that Fannie Mae was reasserting an older policy on restricting maximum loan-to-value ratios in declining markets.

DALLAS -- Fannie Mae Senior Risk Manager Nathan Myres told credit union mortgage officials listening to a Webinar sponsored by CU Members Mortgage here yesterday that Fannie Mae was reasserting an older policy on restricting maximum loan-to-value ratios in declining markets.

WASHINGTON -- In an effort targeted at pumping liquidity into the credit system, the federal regulator for Fannie Mae and Freddie Mac, the Office of Federal Housing Enterprise Oversight yesterday reduced the capital they are required to hold against losses.

TOPEKA, Kan. -- Apparently on a fast track and with banker-backing, the Kansas field of membership bill, which would impose limits on statewide branching, passed the state Senate 35-2 Wednesday.

WASHINGTON -- Congressman Barney Frank (D-Mass), Chairman of the House Financial Services Committee today proposed sweeping changes to the way the Federal Government regulates the financial services sector.

PORTLAND, Maine -- Maine credit unions are warning that a breach at a retail food chain popular in New England has the potential to bring them more card fraud than did the massive breach at the TJX retailer.