Also: CU grassroots advocacy needed as relief negotiations continue; GSEs to keep purchasing loans in forbearance
NAFCU TODAY | The News You Need Daily.
October 22, 2020
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Beige Book confirms several NAFCU-reported economic trends [ [link removed] ]
The Federal Reserve's Beige Book released Wednesday reflected a continued increase in economic activity in all districts; however, the pace of the growth is still characterized as slight to modest. In addition, the Beige Book noted that overall outlook expressed by the district contacts remains generally optimistic, with a considerable degree of uncertainty remaining.
NAFCU keeping CU priorities top of mind as relief negotiations continue [ [link removed] ]
Following the Senate's failure to advance another "skinny" version of its proposed Phase 4 relief package, House Speaker Nancy Pelosi, D-Calif., and Treasury Secretary Steven Mnuchin – who has been representing the Trump administration in relief negotiations – continue to discuss a possible deal. NAFCU's award-winning advocacy team is monitoring discussions and sharing credit union priorities with lawmakers and key stakeholders.
GSEs to keep buying loans in forbearance through Nov. 30 [ [link removed] ]
After extending some coronavirus pandemic-related loan flexibilities earlier this week, the Federal Housing Finance Agency (FHFA) has now extended its temporary policy allowing the government-sponsored enterprises (GSEs) to purchase certain single-family mortgage loans in forbearance through Nov. 30.
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