NAFCU: The credit union perspective on housing finance reform

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Florida single-family home prices up 14% over last year Getting to 240,000 — 266 Borrowers at a Time Why first-time buyers should think twice – With house prices rising for 12 years in a row, the average price paid by a first-time. the borrowers with small deposits has become much riskier. After all, if you lose your job and your property.AAG launches jumbo reverse mortgage product american advisors group (AAG) Reviews (with Costs. – American Advisors Group (AAG) is one of the nation’s largest reverse mortgage lenders, offering HECM, HECM for Purchase, Reverse Mortgage Refinance loans, Jumbo HECM loans and more. Read about AAG’s products, costs and fees and more.Home Prices Up 14% From a Year Ago – latimes – The median price for a condominium last month was $124,900, up 7% from both November 1998 and October of this year. And while the supply of single-family homes continues to tighten, putting even more upward pressure on prices, the increased real estate activity has tempted proportionately more condo sellers into the market.Community lenders baffled to see major trade groups push Wall Street agenda Huge housing trade groups push FHFA for FICO alternatives. – A coalition of the housing industry’s largest trade groups want Fannie Mae and Freddie Mac to look beyond FICO and begin using alternative credit scoring models.

The housing market is a critical aspect of our nation’s economy and the future of the housing finance system is of great importance to our nation’s credit unions and their more than 116 million members.

NAFCU is engaged with both lawmakers and the Trump administration to discover the best path forward on housing finance reform. As Congress considers legislation to reform the housing finance system, NAFCU has shared the credit union perspective through letters, meetings, and testimony before Congressional committees. NAFCU has also led advocacy efforts to inform the administration and relevant government agencies on credit union concerns.

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As talks surrounding housing finance reform persist, the National Association of Federally-Insured Credit Unions published its own thoughts on the matter to ensure the safety of the credit union.

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NAFCU has stressed that credit unions’ access to the secondary mortgage market be protected in any housing finance reform efforts. Credit unions have been gaining share in the U.S. mortgage market .

Case-Shiller: home prices continue to slow as housing stalls Calculated Risk: Case-Shiller: National House Price Index. –  · From S&P: S&P CoreLogic Case-Shiller Index Shows Annual Home Price Gains Continue to Weaken The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.7% annual gain in March, down from 3.9% in the previous month. The 10-city composite annual increase came in at 2.3%, down from 2.5% in the previous month.

But not this year, he said, “thanks to Trump tax reform.” In the past, Rigler used his tax refund to pay credit card bills. a board member of the advocacy group colorado union of Taxpayers. It also.

to help ensure that credit unions are treated fairly during any housing finance reform process. The following are NAFCU’s housing finance reform principles: A healthy, sustainable and viable secondary mortgage market must be maintained.

Think Millennials are stalling the housing market? Case-Shiller: Home prices continue to slow as housing stalls Calculated Risk: Case-Shiller: National House Price Index. –  · From S&P: S&P CoreLogic Case-Shiller Index Shows Annual Home Price Gains Continue to Weaken The S&P CoreLogic Case-Shiller U.S. national home price NSA Index, covering all nine U.S. census divisions, reported a 3.7% annual gain in March, down from 3.9% in the previous month. The 10-city composite annual increase came in at 2.3%, down from 2.5% in the previous month.Florida single-family home prices up 14% over last year Southern/Central Marin County Real Estate Report April 2018. – Median sold prices rose for both homes and condominiums, with homes rising just slightly from $1,461,000 to $1,468,000 and condominiums jumping from $668,000 to $729,000. Single Family Homes: The three-month rolling average median sales price of $1,468,000 is up 9.7% over last year’s. Year-to-date, new listings are down 14% while sales are up.Luxury home market – and millionaires – on the mend Realtors say most las vegas luxury home sales are to out-of-state buyers – Since then, Las Vegas has experienced a bump in its luxury home. $1 million or more for 2013, up from 178 in 2012. So far this year, sales have been flat at 141, about 25 fewer sales than this time.Central banks brace for U.S. default The Dollar Reigns Supreme, by Default – Finance & Development. – The aggressive use of unconventional monetary policies by the Federal Reserve, the U.S. central bank, has increased the supply of dollars and created risks in the financial system. Moreover, political gridlock has made U.S. policymaking ineffectual and, in some cases, counterproductive in driving the economic recovery.The old childhood toy that helped one man crack into the housing market – “I think my parents thought I was crazy when I started spending. understanding what’s going to be popular and what people.

President and CEO, Tower Federal Credit Union, on behalf of the National Association of Federally-Insured Credit Unions (NAFCU) Added 10/25/2017 at 10:19 AM. Witness Statement Added 10/25/2017 at 10:21 AM; Witness Truth in Testimony Added 10/25/2017 at 02:36 PM

As talks surrounding housing finance reform persist, the National Association of Federally-Insured Credit Unions published its own thoughts on.

NAFCU: The credit union perspective on housing finance reform. Core housing finance reform principles to ensure safety for credit unions.. As talks surrounding housing finance reform persist.