Newsroom
NAFCU, HUD discuss CU mortgage lending trends, housing finance reform
NAFCU President and CEO Dan Berger met with Department of Housing and Urban Development (HUD) Deputy Director Brian Montgomery last week to discuss housing finance reform efforts and several Federal Housing Agency (FHA) improvements. NAFCU is a leader in housing finance reform efforts to ensure credit union priorities, such as maintaining unfettered access to the secondary mortgage market, are addressed in any final housing finance reform.
NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Director of Regulatory Affairs Ann Kossachev, and Senior Regulatory Affairs Counsel Kaley Schafer were also in attendance.
During the meeting, NAFCU shared current mortgage lending trends amid the coronavirus pandemic, as well as how HUD’s response has impacted the credit union industry. Earlier this year, HUD announced an extension of its foreclosure moratorium through Dec. 31, 2020.
Recently, NAFCU wrote to NCUA to offer support for HUD's proposed rulemaking allowing private flood insurance for mortgages insured by the FHA. The association had previously flagged this issue in a letter sent to the agency in response to the federal financial regulators working to update flood insurance Q&As.
The association has pushed for a number of improvements to the National Flood Insurance Program (NFIP) and will continue to work with the regulators to ensure credit unions' concerns related to the interagency flood insurance Q&As are addressed.
Share This
Related Resources
Add to Calendar 2024-06-26 14:00:00 2024-06-26 14:00:00 Gallagher Executive Compensation and Benefits Survey About the Webinar The webinar will share trends in executive pay increases, annual bonuses, and nonqualified benefit plans. Learn how to use the data charts as well as make this data actionable in order to improve your retention strategy. You’ll hear directly from the survey project manager on how to maximize the data points to gain a competitive edge in the market. Key findings on: Total compensation by asset size Nonqualified benefit plans Bonus targets and metrics Prerequisites Demographics Board expenses Watch On-Demand Web NAFCU digital@nafcu.org America/New_York public
Gallagher Executive Compensation and Benefits Survey
preferred partner
Gallagher
Webinar
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 2024 Mid-Year Fraud Review Listen On: Key Takeaways: [01:16] Check fraud continues to be rampant across the country. Card fraud is affecting everyone. [04:31] Counterfeit US passport cards are just another new toolbox in the bad actors’ toolbox. [07:21] Blocking the fallback is the only way to defeat counterfeit cards. [11:17] The best way is constant education to your members in as many channels as you can. [13:02] We are still seeing overdraft lawsuits. Make sure the programming you have at your credit union matches what you have displayed for the members. Web NAFCU digital@nafcu.org America/New_York public
2024 Mid-Year Fraud Review
Strategy & Growth, Consumer Lending
preferred partner
Allied Solutions
Podcast
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 The Evolving Role of the CISO in Credit Unions Listen On: Key Takeaways: [01:30] Being able to properly implement risk management decisions, especially in the cyber age we live in, is incredibly important so CISOs have a lot of challenges here. [02:27] Having a leader who can really communicate cyber risks and understand how ready that institution is to deal with cyber events is incredibly important. [05:36] We need to be talking about risk openly. We need to be documenting and really understanding what remediating risk looks like and how you do that strategically. [16:38] Governance, risk, compliance, and adherence to regulatory controls are all being looked at much more closely. You are also seeing other technology that is coming into the fold directly responsible for helping CISOs navigate those waters. [18:28] The reaction from the governing bodies is directly related to the needs of the position. They’re trying to help make sure that we are positioned in a way that gets us the most possibility of success, maturing our postures and protecting the institutions. Web NAFCU digital@nafcu.org America/New_York public
The Evolving Role of the CISO in Credit Unions
preferred partner
DefenseStorm
Podcast
Get daily updates.
Subscribe to NAFCU today.