Items Tagged with 'American Bankers Association'

ARTICLES

National Credit Union Administration sued over updated membership rule

The role of credit unions called into question by ABA
Not more than a day after the National Credit Union Administration published its Field of Membership final rule in the Federal Register, the American Bankers Association filed a lawsuit. To the trade group, the final rule steps away from the intended purpose of credit unions to serve only a single, well-defined local community.
Read More

Housing industry's biggest trade groups push FHA to reconsider PACE rules

Concerned about energy improvement loans being given super priority status
Last month, the Department of Housing and Urban Development and the Federal Housing Administration announced that the FHA will soon begin insuring mortgages that also carry liens created by energy retrofit programs, as long as the energy lien remains subordinate to the mortgage. But the fine print of the new rules has the housing industry's largest trade groups concerned.
Read More

ABA: Here's proof rising home equity levels are good for consumers

Demand for home loans increasing
Even before Brexit hit, mortgage rates were at historical lows, igniting a surge in demand for home equity loans at the end of last year and into this year. After the financial crisis, home equity lines of credit fell to the wayside as lenders tried to avoid new defaults, but this is no longer an issue according this new report.
Read More
From HW Magazine

Outsourcing: How to manage your weakest link

Two critical areas with third-party vendors
Unfortunately, as regulators take a harder look at third parties and their shortcomings, it often leads them straight back to the lenders and servicers who are supposed to be managing them. And with the financial penalties for third-party violations so significant, that’s the last thing lenders and servicers need.
Read More

Former Oklahoma Gov. Frank Keating joins J. Ronald Terwilliger Foundation

Recently retired as president and CEO of American Bankers Association
The J. Ronald Terwilliger Foundation for Housing America’s Families announced Wednesday that Frank Keating, the former governor of Oklahoma, is joining the foundation’s executive committee. Keating joins the Terwilliger Foundation after recently retiring as president and CEO of the American Bankers Association.
Read More

SCOTUS agrees to hear challenge to disparate impact in housing

Decision in Texas housing case could rock housing, mortgage financing
For the third time, the U.S. Supreme Court has assented to hear a case that could overturn the Obama administration’s heavy-handed use of a theory that says even if there’s no evidence of discrimination in housing, unequal outcomes prove there’s discrimination.
Read More

Could the post office get into the mortgage business?

It’s not as crazy as you might think

For consumers, having a little more choice in banking wouldn’t be the worst thing in the world. We’ve certainly seen what banks can do when left to their own devices. But on the other hand, it’s not like the post office is a bastion of economic excellence either.


Read More