Also: FHFA announces updates to mortgage credit scoring

October 25, 2022

NAFCU, NCUA’s Hood meet on CU industry hot topics ([link removed] )

NCUA Board Member Rodney Hood met with NAFCU Senior Vice President of Government Affairs Greg Mesack, Vice President of Regulatory Affairs Ann Petros, and Senior Regulatory Affairs Counsel Aminah Moore Tuesday to discuss several topics of note.

FHFA announces validation of FICO 10T and VantageScore 4.0 ([link removed] )

The Federal Housing Finance Agency (FHFA) announced yesterday the validation of both the FICO 10T credit score model and the VantageScore 4.0 credit score model for use by Fannie Mae and Freddie Mac. The FHFA expects implementation will be a multiyear process, and lenders will be required to deliver both scores with each loan sold to Fannie Mae and Freddie Mac.

FHFA updates: Changes to GSEs pricing framework, new uniform appraisal dataset ([link removed] )

The Federal Housing Finance Agency (FHFA) announced Monday targeted changes to Fannie Mae and Freddie Mac’s pricing framework by eliminating upfront fees for certain borrowers and affordable mortgage products. In addition, the agency published a new uniform appraisal dataset (UAD), in conjunction with new UAD Aggregate Statistics Dashboards, on its website to provide user-friendly visualization of the newly available data.

Regulatory Compliance School

Learn credit union compliance from A to Z and earn your NCCO in Arlington, VA March 13 – 17, 2023. Save $200.00 with code SCHOOLSAVINGS for a limited time.

View the Agenda & Learn More ([link removed] )

CUs: Use October to voice concern on NCUA vendor authority and support for CUBMA ([link removed] )

The best messenger with policymakers in Washington is the credit union who is out there every day trying to meet the needs of their members. The association is urging credit unions to use NAFCU’s Grassroots Actions Center to speak out against efforts to expand NCUA Third Party Vendor Authority by sending a message to their lawmakers and asking them to oppose the harmful legislation which is being considered as part of the House-Senate conference on the National Defense Authorization Act (NDAA).

Untitled (167 × 300 px) ([link removed] )

NAFCU CALENDAR ([link removed] )

OCT

25
Data Protection Fundamentals for Federal and State Compliance ([link removed] )

Webinar

NOV

4
NCUA - Member Expulsion Bylaws Amendment ([link removed] )

Comments Due to NAFCU

NOV

8 - 10
Lending Conference ([link removed] )

Greenville, SC

NOV

11
NCUA - Subordinated Debt ([link removed] )

Comments Due to NAFCU

VendorDirectoryAd_Compliance ([link removed] )

NOW AVAILABLE! NAFCU 2023 Conference Lineup ([link removed] )

Take advantage as you plan your 2023 training budget. Early bird savings starts now. Learn More ([link removed] ) .

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National Association of Federally-Insured Credit Unions. 3138 10th St N Arlington, Virginia 22201

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