Quantcast
Monday, December 22, 2014
FHA Faces Rough Road Ahead in 2015
The Federal Housing Administration is facing severe challenges next year as some pressure it to lower premiums to deal with new competition from the government-sponsored enterprises, even while its insurance fund remains weak and it faces added scrutiny from GOP lawmakers.
  more »
Fannie said it will immediately begin accepting applications for fixed-rate 97% loan-to-value financing of borrowers with Fico scores as low as 620. Freddie, meanwhile, took a more cautious approach, delaying the start of the program, requiring credit counseling, and in some cases only allowing Fico scores as low as 660. more »
If banks finally start loosening up mortgage lending standards, will credit unions' hard-won market share take a hit? more »
The Consumer Financial Protection Bureau issued a proposal Thursday that would institute new foreclosure protections for consumers after the agency found its previous mortgage rules didn't go far enough. more »
Fannie Mae and Freddie Mac's new low down payment loans products may not represent such a risk to the Federal Housing Administration program as some have feared. more »
The Federal Housing Finance Agency has stirred up by a hornet's nest by proposing to tighten membership rules for the Federal Home Loan Banks. more »
For the fifth year in a row, Quicken Loans has been rated No. 1 by consumers in terms of customer satisfaction, according to a J.D. Power survey. more »
The recent dip in mortgage rates isn't likely to spur a refi boom, but with the industry now into the fourth quarter of a tough year, many lenders are looking for ways to boost business. more »
PHILADELPHIA—A community revitalization program in the City of Brotherly Love is connecting potential homebuyers to financial institutions, and some credit unions are among those reaping the benefits. more »
During the past week, consumer and industry groups have lobbied the agency in different directions, with consumer groups arguing the agency did not go far enough and lenders saying it went too far in seeking more data from lenders. more »
WASHINGTON — The Supreme Court is slated to hear arguments Tuesday in a case that could determine when and how borrowers are allowed to cancel their mortgages. more »
The Mortgage Bankers Association is honoring Pentagon Federal Credit Union in Alexandria, Va., for providing affordable housing and post-deployment assistance to military families and war veterans. more »
The GSE regulator's second attempt to stimulate the mortgage market is receiving a lukewarm reception from lenders, who remain gun-shy after being forced by Fannie and Freddie to repurchase billions of dollars in soured loans since 2008. more »
Regulators recently offered a rare behind-the-scenes glimpse of what areas they are targeting for enforcement, saying that potential fair lending violations and how mortgages are priced and serviced remain top priorities for the future. more »
twitter
facebook
Apr 08 - 10 | Card Forum & Expo

Chicago Downtown Marriott
Chicago, IL
More Info

Jun 08 - 10 | Digital Banking Summit

Hilton Austin
Austin, TX
More Info

Every step of the way...
This spot form Greater Nevada CU illustrates that the CU can help members along nearly every "step" of their lives.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.