Links in “NAFCU”
- NAFCU’s Response to FHFA Loan Guarantee Increases
NAFCU warns that an increase of 14 basis points for a typical 30-year mortgage may further contribute to a slowdown in the recovery. For perspective, the association points out that a 10-basis-point increase would cost a borrower $4,000 over the life of a 30-year, $200,000 mortgage. [12/20]
- To QM or Not to QM: Is There a Safety & Soundness Consideration?
Agencies release statement on supervisory approach for qualified and non-qualified mortgage loans; agencies' statement indicates that loans will not be subject to criticism based solely on whether they are QM or non-QM. [12/18]
- NAFCU, CUNA, and ABA Join Forces on Patent Reform
CUNA, NAFCU and ABA are working together to urge Congress to pass legislation to fight patent abuse. Proposed legislation would discourage entities from sending out patent letters when they donât have a reasonable claim. [12/18]
- Breaking Down NCUA’s Liquidity and Contingency Funding Rules
NAFCU digs into some key highlights of NCUA's final rule on liquidity and contingency funding plans. [11/20]
- Industry Associations Join Together to Urge CFPB to Delay ATR/QM
ABA, ICBA and NAFCU send a joint letter to CFPB asking to delay final implementation of ability to repay/qualified mortgage rules scheduled for implementation in January 2014. [11/14]
- Whereâs the Data to Support the CFPBâs Contention of Discrimination in Indirect Auto Lending?
A group of Senators, along with NAFCU staff, are asking this question about the Bulletin issued by the CFPB in March 2013 that focuses on discrimination in indirect auto leasing. The Senators have requested to see documentation to support the CFPBâs contention that disparate impact is present in the indirect auto industry and warrants the onerous measures laid out in CFPB Bulletin 2013-02. [11/4]
- A Look at the Pre-Foreclosure Review Period Requirements
NAFCU takes a look at the pre-foreclosure review period requirements associated with the mortgage rules taking effect in January. [10/21]
- Two Years Later: Are Retailers the Winners and Consumers the Losers Under Debit Card Interchange Rule?
Conflicting data suggests that consumers have seen $5.7 billion in savings due to lower interchange fees, while other reports show that retailers have earned $8 billion through the lower fees and have not passed on these savings to consumers; NAFCU refutes the studies that show that consumer have been the winners. [10/2]
- NCUA Exams Becoming More Efficient and Effective? Umm… No.
The prevailing opinion, according to a recent NAFCU survey and as reported in this monthâs Economic and CU Monitor, is ânot really.â The survey results show that only 25% of the respondents said that the exam process had improved, while 12% of the respondents felt that things were worse. [9/13]
- Ginnie Mae Wants to Attract Credit Unions
Ginnie Mae Pres. Ted Tozer announced to attendees at NAFCUs Congressional Caucus that they are eager to attract smaller mortgage lenders, like credit unions. He announced a new product, the MPF Government Mortgage-Backed Securities, that is specifically designed for lenders that donât have direct access to the secondary market. The new product will be rolled out initially to participating members of the Chicago FHL Bank in Illinois and Wisconsin and then made available on a broader scale in 2014. [9/11]
