Credit Union News

05/08/2013

 
Fannie and Freddie to Reject Non-QM Mortgages Starting January 2014Beginning Jan. 10, 2014, Fannie Mae and Freddie Mac will no longer purchase loans that don’t conform to the Consumer Financial Protection Bureau’s qualified mortgage rule, the Federal Housing Finance Agency announced Monday.  Read More

CFPB Proposes CUNA-sought Credit Rule Delay
The Consumer Financial Protection Bureau has favorably responded to the Credit Union National Association's recent request that the agency delay a June 1 effective date relating to the prohibition on financing certain credit insurance charges. The provision is contained within the bureau's mortgage loan originator compensation rule.  Read More
 


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