A new Senate plan would insure and regulate mortgage backed securities like credit union deposits.
Heading into the GAC, legislative priorities for credit unions include protecting the tax-exempt status, data security and housing finance reform.
CUNA SVP of Legislative Affairs Ryan Donovan says tax reform decisions are currently being made behind the scenes on Capitol Hill.
Bill Hampel, senior vice president and chief economist at CUNA, told Congress Nov. 5 his trade association supports the Corker-Warner bill's general approach to housing finance reform, but he suggested several areas in need of improvement.
Chief economist Bill Hampel testifies on housing finance reform Tuesday before Senate Banking Committee.
Apple FCU executive testifies on Tuesday at Senate hearing.
Senator talks guarantees in housing market in this report filmed live at the MBA conference.
NAFCU session on Tuesday features back-and-forth as well as speeches.
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.
President rolls out his own plan to wind down Fannie and Freddie, a plan similar to Corker-Warner proposal in the Senate.