NAFCU: The credit union perspective on housing finance reform

NCUA chief urges credit unions to find common ground with banks. National Credit Union Administration Chairman J. Mark McWatters made an appeal to credit union executives to work with small community banks when it comes to advocating for shared goals.

D.R. Horton’s homebuilding revenue grows 33% Stellar Performance & Upbeat View: D.R. Horton exhibited stellar performance in the first nine months of fiscal 2018, courtesy of a solid housing market scenario. homebuilding revenues. which is.Tech Innovator: Centric Technology Solutions refines the appraisal process Fewer banks tighten mortgage underwriting standards Fewer banks tighten credit Don Lee Fewer banks are tightening their lending standards, but credit constraints on U.S. businesses and consumers aren’t likely to let up before the middle of next year.matt martin real estate management rebrands as Chronos Solutions At the age of 22, Matt Martin co-founded matt martin Real Estate Management, which was named to Inc. magazine’s 2012 list of America’s 500 fastest-growing companies. In 2015, the company.This is the ‘broker-centric’ model. In the consumer-centric model, PropTech innovators are seeking to replace (or eliminate) traditional real estate brokers and Realtors with a lean and efficient transaction process geared directly towards consumers. Naturally this is a huge threat to the traditional real estate business model.

NAFCU is engaged with both lawmakers and the Trump administration to discover the best path forward on housing finance reform. As Congress considers legislation to reform the housing finance system, NAFCU has shared the credit union perspective through letters, meetings, and testimony before Congressional committees.

NAFCU has stressed that credit unions’ access to the secondary mortgage market be protected in any housing finance reform efforts. Credit unions have been gaining share in the U.S. mortgage market .

Single-family rental securitization market expands to federally subsidized rents The initiative offers property owners favorable pricing and additional debt capital if they agree to keep rents for 80 percent of their units affordable to low- and moderate-income families-without.

Our Position We are committed to educating legislators about the positive impact the secondary market has had on the credit union community and the role credit unions play in ensuring the safety and soundness of our nation’s housing market. In any housing finance reform efforts, we strongly advocate for equal access to the market for credit unions and fair pricing based on loan quality as opposed to volume, because in order to achieve a healthy, sustainable and viable secondary market, there.

NAFCU seeks to ensure that lawmakers and agency officials include credit unions’ principles in the Trump Administration housing reform. Bright joined Ginnie Mae July 2017 as executive vice president and COO; he is awaiting Senate confirmation to serve as president.

ReverseVision launches interactive comparison tool for reverse mortgages Contents Launches interactive comparison tool 0.73% principal subsidiary Agency mortgage backed securities minimum pool submission amounts) See world news photos and videos at ReverseVision launches interactive comparison tool for reverse mortgages Jessica Guerin is an editor at HousingWire covering reverse mortgages and the housing wealth space.

As the Trump administration looks to reform housing finance, US credit unions are calling for new measures to ensure member-owners are not at a disadvantage. On 27 March, president Trump signed a memorandum instructing federal agencies to develop a plan to overhaul the US housing finance system.

WASHINGTON – When Congress returns to session on Tuesday, regulatory and housing finance reform will be on the back burner as. chief advocacy officer at the Credit Union National Association..

Mortgage revenue decline dents BOK Financial earnings Subprime, Alt-A Delinquencies Piling Up Data released by Fitch Ratings on Monday show the same trend as other recent delinquency surveys: the worst appears to be over for subprime and Alt-A loans while delinquencies. After nearly.

Housing finance reform This month, NAFCU testified for the 12 th time during the 115 th Congress, offering credit unions’ perspective on housing finance reform . NAFCU witness Rick Stafford stressed the importance of credit unions’ unfettered access to the secondary mortgage market and need for affordable housing options to members of the.

Freddie Mac posts net income of $7.7B in 2014  · Historically, more than 90% of the eligible rental units we fund are affordable to families with low-to-moderate incomes earning up to 120% of area median income. freddie Mac.