CU Trades Blast New FHFA Proposal
No one in the credit union industry is happy about the Federal Housing Finance Agencyâs new proposed rule that would require credit unions to retain 10% of all of their assets in residential mortgages in order to retain their membership in the Federal Home Loan Bank system. All agree that, if adopted, the proposed the rule could significantly limit a valuable source of liquidity for credit unions. [12/15/14]
