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News Now

Washington
Inside Washington (12/30/2011)
  • ALEXANDRIA, Va (1/3/12)--The National Credit Union Administration (NCUA)  has scheduled a closed board meeting for Friday, Jan. 6, at 10 a.m. (ET) to consider a supervisory matter.The agenda for the meeting: Consideration of Supervisory Activities. Closed pursuant to some or all of the following: exemptions (5), (7), (8), (9)(i)(B), and 9(ii) ...

     
  • WASHINGTON (1/3/12)--Freddie Mac and Fannie Mae will begin to increase their loan guarantee fees on April 1 under direction by the Federal Housing Finance Agency, which is charged with implementing a congressionally mandated increase. A bill passed in December by the U.S. Congress requires at least a 10 basis point increase in the average guarantee fee in 2012. The payroll tax cut extension bill targeted a 10-year increase in Fannie and Freddie guarantee fees to cover most costs of the legislation that extended the payroll tax reduction and unemployment benefits for two months. The bill also mandates that adjustments be made to the guarantee fees so all lenders pay the same fee (American Banker Dec. 30). …


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