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.
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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%.
“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.