Wednesday, January 28, 2015
TOUGH FIGHT: "It does not appear that we have broad support" for legislation to change Nevada law on super-priority liens, said Steve VanSickler, chief credit officer of Silver State Schools CU and vice chairman of the Nevada Mortgage Lenders Association.
Homeowners associations seeking unpaid dues are seizing on a court decision allowing them to foreclose on properties ahead of banks. FHFA is litigating to defend Fannie and Freddie mortgages in a way that some say is controversial. Private lenders, meanwhile, are still trying to figure out how to deal with the problem before it spreads to more states.
MADISON, Wis. — As part of its restructuring efforts with state leagues, CUNA plans to survey credit union CEOs as early as next week.  more »
At a hearing Tuesday, GOP lawmakers hammered FHFA Director Mel Watt for four hours over his recent decisions to allow Fannie Mae and Freddie Mac to buy loans with lower downpayments and provide money to two affordable housing trust funds.  more »
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