Items Tagged with 'Credit union'
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  • interest rates

    Credit unions ask for another year to implement HMDA changes

    NAFCU: Allow voluntary compliance period, first
    December 7, 2017
    Are you prepared for most of the 2015 updates to the Home Mortgage Disclosure Act rule take effect in January 2018? If not, you might not be alone. Credit unions are asking the CFPB for more time to implement the coming rules.
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  • Gavel justice law legal

    New York federal credit union sues Trump to block Mulvaney at CFPB

    Lawsuit claims installation of OMB Director at CFPB is “illegal”
    December 6, 2017
    Ben Lane
    When Richard Cordray officially resigned as director of the CFPB last month, the agency was thrown into disarray after a fight emerged over who would replace Cordray, with Democrats on one side and Republicans on the other. Now, Democrats have what may seem like an unlikely ally in their fight over who's leading the CFPB – a financial institution that is regulated by the CFPB.
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  • pensive

    NAFCU to CFPB: It's time to roll back regulations with Cordray's departure

    Outlines nine areas where credit unions are looking for relief
    November 20, 2017
    Brena Swanson
    With the future of the CFPB up in the air now that Director Richard Cordray will step down by the end of the month, the National Association of Federally-Insured Credit Unions took the opportunity to reiterate a message the group has long stressed: Credit unions are over-regulated. NAFCU outlined nine areas in which the bureau could improve its operations and provide some relief to credit unions.
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  • Gavel scales of justice

    Credit unions sue Equifax over massive data breach

    Want to recover anticipated costs of breach
    October 6, 2017
    Ben Lane
    The number of battlefronts where Equifax will be forced to fight back in the wake of its massive data breach just grew, again. Now, the Credit Union National Association, a trade group that represents credit unions, is joining Massachusetts, San Francisco and Chicago in suing Equifax, on behalf of its members.
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  • NCUA honors Trump's order to massively roll back regulation

    Releases package of regulatory reforms
    August 16, 2017
    Brena Swanson
    The National Credit Union Administration revealed “its sweeping regulatory reform plan” on how it can honor President Donald Trump’s order to massively scale back government regulations. While the NCUA is not required by law to honor the order, the NCUA chose to do so.
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  • Government building court pillars

    NCUA plans major restructuring, including closing two regional offices

    NCUA chairman: “The time has come for the NCUA business model to change”
    July 21, 2017
    Ben Lane
    Fresh off asking the Consumer Financial Protection Bureau to give it supervisory authority over the nation’s largest credit unions, the National Credit Union Administration announced a major restructuring plan that will see the agency close two of its five regional offices and eliminate some agency offices with “overlapping” functions.
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  • flag

    Here’s a snapshot of how California credit unions performed in the mortgage market

    Post an uptick in mortgage applications
    July 3, 2017
    Brena Swanson
    California credit unions witnessed an uptick in mortgages over the past year, according to the latest snapshot report from the California Credit Union League. However, despite a record high in mortgage dollar amount, credit unions posted decrease in originations. Check out the full report for details.
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This month in
HousingWire magazine

Cover Story
September 2018

Back on track: How Tim Mayopoulos fixed Fannie Mae

When Tim Mayopoulos was vetted prior to joining Fannie Mae nearly 10 years ago in the role of general counsel, board members explained it would only take 12 to 18 months for the company to turn around. That isn’t what it took. It took putting Mayopoulos in charge, years later, to turn the company around. And that’s exactly what he did.

Feature

HW Insiders 2018

HousingWire began highlighting the unsung heroes of the mortgage finance industry three years ago, recognizing those who continue to make the dream of homeownership a reality for Americans nationwide. Our editorial board selected each of these 40 professionals for their ability to not only transform their companies, but the industry as a whole.

Commentary

Better serving the Hispanic mortgage market

Steven Lujan
Steven Lujan
 LendingServicing
Hispanics have huge purchasing power in the U.S. and the rate of homeownership among this population has grown every year since 2014, reaching 46.2% in 2017. In fact, Hispanics are the only demographic in the U.S. to increase homeownership rates for each of the past three years and are driving gains in the real estate market overall. By understanding the unique needs and expectations of the Hispanic community and positioning yourself to fulfill those needs, real estate professionals can become an important servicer of this consumer demographic and experience related growth.