NAFCU's Tun Wai and CUNA's Steve Rick both understand why credit unions are booking more mortgages: secondary market prices are deeply discounted, and consumer loans not only bring credit risk, demand for them is low, too.

The House Appropriations Committee approved a $24.1 billion spending bill that includes a provision giving the Central Liquidity Facility about $40 billion in borrowing authority, which will not be subject to a cap.

Billionaire investor Warren Buffett said today that Congress may need to pass another measure to jumpstart the economy and criticized the effectiveness of the measure lawmakers enacted earlier this year.