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Inside Washington (11/04/2008)
* WASHINGTON (11/5/08)--Regulators are hoping to increase participation in Hope for Homeowners by easing its standards. The program, which was effective Oct. 1, helps borrowers refinance mortgages that are written down and worth less than their homes (American Banker Nov. 4). Few lenders have applied for the program, according to industry representatives. The government could drop the required writedown to 3% to 5% below market value. Currently, lenders are required to write down a mortgage to 13% below market value. Regulators also could lower borrower eligibility requirements. Currently borrowers’ payment-to-income ratio cannot be higher than 31%. Observers also suggest that annual premiums could be cut in half, to 75 basis points ...


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Today's @TheNCUA meeting starts now with fixed-asset proposal; wld eliminate 5% cap.
2 minutes ago
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
16 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
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Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
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Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
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