FHFA abandons refinance fee
The Federal Housing Finance Agency (FHFA) announced Friday that the government-sponsored
enterprises (GSEs) will abandon the adverse market refinance fee - which imposed
a 0.5 percent fee on most mortgage refinance loans - effective Aug. 1. NAFCU strongly-opposed
the adverse market refinance fee when it was announced, arguing that it would
hurt credit unions and their mortgage borrowers as they try to recover from the coronavirus pandemic.
This
week: NAFCU hosts Virtual BSA School, NCUA Board meets
This week NAFCU's
Virtual BSA School begins, the NCUA board is set to meet, and the association's
award-winning advocacy team will monitor several committee hearings where several topics of interest will be discussed.
NAFCU
provides NACHA with CU perspective on early funding availability
NAFCU
Senior Counsel for Research and Policy Andrew Morris Friday responded to NACHA's
request for comment (RFC) regarding the risks of early funding availability in the ACH network.
Last
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Retail
sales rise slightly; NAFCU expects sales to remain 'strong but volatile'
After falling in May, retail sales rose 0.6 percent in June. In a new NAFCU Macro
Data Flash report, NAFCU's Curt Long analyzed the data.
