Regulatory uncertainty, toxic environment drive Wells Fargo, Prospect out of MSAs

Trending Thursday: Is the job description “financial press” or “palace guard?”

From the Fed to FannieGate, plus the impact of banking regulations and more

Question remains: When will interest rates start rising?

3 different expert predictions
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Lending / The Ticker

Credit unions fight for Fannie, Freddie

tighten money

Credit Unions are fighting to show how pivotal Fannie Mae and Freddie Mac are to their ongoing existence. Credit Unions suggest a complete elimination of the GSEs will impair the firms' ability to provide mortgages. Per the National Association of Federal Credit Unions:

“GSEs are a critical part of the business models of many credit unions, and their presence helps to limit the exposure of a number of risks,” according to the NAFCU’s latest Monitor survey. “Due to regulatory restrictions that hamstring the ability for credit unions to hedge against interest rate risk, their access to the secondary market has large implications for the safety and soundness of the industry.”

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