Many of us have heard and continue to hear of truly amazing stories of how credit unions have stepped up during the pandemic and resulting economic crisis. At the recent ACUMA 2020 Virtual Event, they celebrate the story of one of our credit union partners, Baylor Healthcare System Credit Union. Baylor Healthcare System Credit Union’s CEO […]
10 Housing and Mortgage Trends to Follow as COVID-19 Distorts Real Estate
The COVID-19 pandemic has distorted, not destroyed, the marketplace for U.S. real estate and mortgages. Lenders, real estate agents, inspectors, appraisers, escrow professionals, and just about everyone involved in a property transaction have adjusted — especially credit union mortgage departments. Nonetheless, the pace of trend-change is more volatile in the short run because of the […]
CU Members Mortgage’s Hewins Provides Clarity on FHFA Adverse Market Fee
Mortgage lenders were up in arms regarding the Federal Housing Finance Agency‘s (FHFA) adverse market fee being implemented on September 1, 2020. There was a bit of a panic when something like that comes about without fair warning. A quick backgrounder: FHFA said it has a statutory responsibility to ensure safety and soundness at GSEs through prudential regulation […]
FHFA’s New Adverse Market Refinance Fee Implementation
**UPDATE** – After an outcry from various industry organizations, associations, lenders and the general public, the FHFA has made some adjustments to the Adverse Market Fee as originally planned. The fee will now go into effect on December 1, 2020 and impact loans above $125,000. The Home Ready and Home Possible loan products will […]
Harnessing the Power of Courage
There are givers and there are takers in the world. People either enter the room and light it up or they suck the energy dry. With the pandemic still looming, it’s easy to feel burned out and less energized to lead. However, it’s the most important time to step up and lead through the crisis. […]
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