NAFCU: The credit union perspective on housing finance reform

NAFCU witness Rick Stafford, president and CEO of tower federal credit union (Laurel, Md.), will share with lawmakers credit unions’ priorities and concerns with a bipartisan housing finance.

Total Mortgage Services doubles over next 5 years Flagstar ‘reps and warrants’ deal may be coming with Fannie Many employed veterans unable to afford typical mortgage Falling mortgage activity at banks could dampen 3Q earnings What Was The Market Share Of The Largest U.S. Banks In Terms Of Mortgage Origination For Q3?. activity levels in Q4 2015 and Q1 2016.. these banks have seen their market share fall from.Having trouble making your mortgage payments? If you're a Veteran or surviving spouse, find out how our VA loan technicians can work with you, and your.Flagstar had waived any participation in TARP funding, but took an abrupt 180 degree on that stance with their third quarter results. There is no guarantee the bank will receive any funds, however, and that poses a question as to what the next step may be as Flagstar looks to raise additional capital.I have been working at Total Mortgage for over 3 years now. The culture at Total is laid back and really a fun place to work at even during the busiest seasons. Everyone here works hard to accomplish not only company goals but personal goals. Management stays fully engaged and motivates their workforce as a company.Mortgage applications surge on refinancing boom House Prices Won’t Return to Peak Until 2020: Moody’s Analyst "The national price level will not regain its 2006 high until 2020, a peak-to-peak housing cycle of 14 years." House Prices Won’t Return to Peak Until 2020: Moody’s Analyst Sign InReacting to record low mortgage rates, borrowers seeking to lower their monthly payments signed up for lower-cost replacement loans last week in numbers not seen in 3½ years. A Mortgage Bankers Assn..

NAFCU has called for the inclusion of an explicit government guarantee in any housing finance reform efforts as well as recapitalizing Fannie Mae and Freddie Mac. It has also favored loosening lending rules that would allow credit unions to make more business loans by doubling the business lending cap to 27.5%.

CUNA members testify before Senate Banking Committee on housing finance reform “Food Stamp recipients didn’t cause the financial crisis,” said President Barack Obama in his final State of the Union. rates low, housing prices on a steady rise, and little government regulation,

Denver home prices rise 11.1% in July S&P/Case-Shiller: Home prices continue to strengthen U.S. home prices continue to escalate, with average home prices tied to the 10- and 20-city composite indices increasing 2.5% and 2.4% from April to May, according to the S&P/Case-Shiller home price indices report.. The May index is especially significant as it marks the first time any city has reached a new all-time price high.While the OPEC deal is a critical piece of the price puzzle, it’salso one that faces skepticism and challenges. Investment houses such as Morgan Stanley and Goldman Sachs say it has the potential to push WTI oil prices above $60 a barrel and create momentum for a further rally in prices but onlyAverage home prices increase 2.2% in May: Case-Shiller Home prices in April were 3.5% higher compared with April 2018, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. That is down from the 3.7% gain seen in March.

Your article was successfully shared with the contacts you provided. Nationally syndicated columnist, author and commentator S.E. Cupp will be the keynote speaker at NAFCU’s Congressional Caucus.

NAFCU has written a whitepaper on Housing Finance Reform Principles that highlights the credit union perspective. We encourage you to read and share this resource to ensure the safety and soundness of credit unions nationwide.

Credit unions favor housing finance reforms that would keep the government-sponsored enterprises or something similar in place, but add an explicit government guarantee to their mortgage-backed securities, according to a recent survey.

Housing recovery momentum continues to build September 28, 2018 | Clip Of House Session This clip, title, and description were.. H.R. 6 INCLUDES MY LEGISLATION, THE CARING RECOVERY FOR.. 1986 TO MAKE PERMANENT CERTAIN PROVISIONS OF THE tax cuts.. continuing TO BUILD ON THE SUCCESS OF THE TAX CUTS AND.

As talks surrounding housing finance reform persist, the National Association of Federally-Insured Credit Unions published its own thoughts on the matter to ensure the safety of the credit union.

The National Association of Federally-Insured Credit Unions (NAFCU) has issued what it describes as its "core principles" for balancing federal housing finance reform with the specific needs of the credit union industry. NAFCU cited the need for "an explicit government guarantee on the payment.

Committee pursues housing finance reform ideas from stakeholders. NAFCU is the only national organization exclusively representing the interests of the nation’s federally-insured credit unions. nafcu-member credit unions collectively account for approximately 69 percent of the assets of all federally-chartered credit unions.My testimony today will the longstanding and vital cover

Bipartisanship was the theme throughout President Donald Trump’s State of the Union address on Tuesday. VP and Deputy Chief Economist at Fannie Mae in his Perspectives blog. Housing Finance Reform.