ARLINGTON, Va.-As if depressed property values squelching the real estate market wasn't enough of a challenge, there is another big factor working against what are attractive interest rates: regulatory and legislative uncertainty.

"What is ultimately going to happen with the GSEs (Fannie Mae and Freddie Mac) is a big factor for the future of credit union mortgage lending," NAFCU's Tun Wai suggested. "A vibrant secondary market is absolutely vital, and we are getting that message to lawmakers."

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