Monday, April 20, 2015
Navy FCU Closes Over $1B in Mortgages for March
Navy Federal Credit Union closed over $1 billion worth of mortgages in March, and $2.5 billion year-to-date.
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WASHINGTON — CUNA and NAFCU each submitted comment letters to the Consumer Financial Protection Bureau regarding 2013 Regulation X (RESPA) and Regulation Z (TILA) Mortgage Servicing Rules, urging the CFPB to adopt several changes and clarifications. more »
When it comes to millennials, the $64,000 question is when will this generation be ready to start buying their first homes? more »
The Federal Home Loan Bank of Topeka has announced a new plan to allow its members to invest in mortgages originated under the Mortgage Partnership Finance program. more »
In less than four months, mortgage providers across the nation must be ready to meet new disclosure requirements. more »
Credit unions as a whole will continue to grow their share of the mortgage market in 2015 and into 2016, say industry experts. more »
During his 21 years in Congress, Mel Watt helped usher in several major changes to the financial services industry, from the Gramm-Leach-Bliley Act to the Dodd-Frank Act. more »
BURBANK, Calif. — Three years ago Burbank Community Federal Credit Union rebranded itself as UMe Federal Credit Union. With a mobile-first product strategy, the $165 million CU has realized significant market gains, including a 30% jump in real estate lending. more »
Home prices have not recovered enough to protect the states with high concentrations of home equity lines of credit whose rates are scheduled to reset in the next few years. more »
Consumer Financial Protection Bureau Director Richard Cordray said a review of its "qualified mortgage" rule will allow enough time to consider changes if lawmakers fail to make progress on housing finance before a key deadline. more »
WASHINGTON — The Federal Housing Administration's recent premium reduction is undercutting the private sector and expanding the government's role in the housing market, housing finance industry representatives told a House subcommittee on Thursday. more »
Problems related to loan servicing dominate the consumer complaints about mortgage companies made to the Consumer Financial Protection Bureau, but an agency official expressed optimism about the industry's response to these grievances. more »
PHOENIX — As the real estate market rebounds in the Grand Canyon state's capital, once credit union here reports that a new mortgage program is attracting significant new lending business. more »
In yet another revision of its mortgage rules, the Consumer Financial Protection Bureau proposed making it easier for small and rural lenders to make "qualified mortgages." Industry representatives said the changes are poised to make a big difference. more »
Jun 01 - 03 | NCCR

Hyatt Regency
New Orleans
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Jun 08 - 10 | Digital Banking Summit

Hilton Austin
Austin, TX
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Don't Freak Out
After a recent rebrand as Verve, a Credit Union, the CU uses this spot to re-introduce itself - and its new name - and its new spokesman, Merv.
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