FHFA
extends GSE loan forbearance policy through Sept. 30
The Federal Housing
Finance Agency (FHFA) Wednesday announced an extension of its temporary policy
allowing the government-sponsored enterprises (GSEs) to purchase certain single-family
mortgage loans in forbearance. The policy, originally set to expire Monday, has
been extended for loans originated through Sept. 30, 2020.
ECU
Monitor details effects of coin disruption on CUs
The August edition
of NAFCU's Economic & CU Monitor report – now available for download
– found most credit unions have enough coins on hand despite recent issues with
coin circulation; however, those who felt otherwise noted that orders in the last month had been reduced significantly.
NAFCU's
Demangone on CUbroadcast: New NAFCU network helps fortify CUs' cyber defenses
In a new episode of CUbroadcast, NAFCU Executive Vice President and COO Anthony
Demangone shared why the association's newly launched Cybersecurity &
IT Network has received strong interest from credit unions.
See what's happening in the NAFCU Cybersecurity
& IT Network
Connect with your peers to share experiences, ideas and
access exclusive content
CUs
encouraged to prepare as Hurricane Laura approaches
As Hurricane Laura
intensified in the Gulf of Mexico, the NCUA urged credit unions in its path to
be safe and take precautions. The hurricane is expected to make landfall near
the Louisiana-Texas border, and have inland flood impacts as far north and east
as Arkansas and the Ohio and Tennessee valleys.
NAFCU
highlights CFPB's seasoned QM proposal in new Reg Alert
NAFCU
sent members a Regulatory Alert Wednesday to break down the CFPBs proposed rulemaking
– issued last week – that would create a new category of seasoned qualified
mortgages (QM) under the Truth in Lending Act (TILA).
Get
insights into small biz export financing today
As part of NAFCU's
new partnership with the Export-Import Bank (EXIM), the association today is offering
a webinar to explore opportunities for credit unions to support their small business
members through the agency's loan programs.
