Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
FHFA To Study Fannie, Freddie Foreclosure Sales
WASHINGTON (6/4/13)--The Inspector General for the Federal Housing Finance Agency (FHFA) has announced it will investigate how Fannie Mae and Freddie Mac are managing the sales of foreclosed properties. 

The review will scrutinize how the homes involved are repaired, maintained and marketed for sale, reports this week's Credit Union National Association Regulatory Advocacy Report.

The CUNA RAR notes that the government-sponsored housing enterprises owned approximately 192,000 foreclosed properties at the end of 2012, and nearly one million troubled mortgages that could reach foreclosure.

The FHFA IG has released a joint report with the U.S. Department of Housing and Urban Development Department IG entitled, "Joint Report on Federally Owned or Overseen Real Estate Owned Properties." Use the resource link to access the report.

Also in this week's RAR, free to CUNA members by subscription, are articles on the Consumer Financial Protection Bureau's delay of a credit insurance premium financing prohibition, and a Financial Accounting Standards Board request for comment on a private company decision-making framework, among many other topics.

Employees or volunteers of CUNA- and state credit union league-member credit unions can use the second link below to sign up for the Regulatory Advocacy Report.

The RAR is archived on cuna.org.
RSS print
News Now LiveWire
#NewsNow S.F. paper notes Bay Area CUs' growth, 100M milestone http://t.co/rxl2TrwRIt
5 minutes ago
Take 1 step to prepare See #NewsNow http://t.co/iAmMGHY9V3 HT @AgilityRecovery graphic #NPM @Readygov http://t.co/KDvJl9K9hJ
29 minutes ago
#NewsNow: Seth Carpenter nominated to be @USTreasury assistant sec. for financial markets. http://t.co/SfLjscjrEE
42 minutes ago
Newly merged VolCorp #creditunion elects board #NewsNow http://t.co/4nE9uSgBlx
1 hours ago
#NewsNow: @CUNA seeks comment on #FinCEN customer due diligence proposal. http://t.co/l1cowIHBNB
1 hours ago