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This sponsored content article is provided to the credit union community for shared insights and knowledge from a recognized solutions provider in the industry. Please note that the views and opinions offered here do not reflect those of Callahan & Associates, and Callahan does not endorse vendors or the solutions they offer.

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August 29, 2005


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GW

7/26/2012 04:13 PM

I just stumbled on this page while searching for articles talking about the origin the housing bubble and subsequent crash.

You got what you wanted and stopped reform legislation in 2005. How did that work out for you?

Anonymous

7/26/2012 04:10 PM

I am a Mortgage CUSO CEO. You hit the nail on the head. The large banks want to eliminate the tools FNMA and FHLMC provide. We will either have to do without, or buy their proprietary products. Either way we, and our members, lose big time. We have dropped out of the Mortgage Bankers Assoc because of this. They support this because their large constituents do. Dave Toepp-Mortgage Center

Anonymous

7/26/2012 04:10 PM

Extremely thought provoking. Great info.

Anonymous

7/26/2012 04:10 PM

If this issue was a consumer loan issue, credit unions would be in the streets protesting. I fear because it is a mortgage lending issue, creit unions will be "asleep at the wheel."

Anonymous

7/26/2012 04:10 PM

This article is long over due. The one issue that you did not cover is the provision for "high-cost" areas contained in the house bill and not in the senate. Currently Hawaii, Alaska, Guam and the Virgin Islands have a 50% higher conforming loan limit. Tnis limit needs to be extended to all areas of the country where real estate prices far exceed the national average.

Anonymous

7/26/2012 04:06 PM

The market will create better underwritng standards then the GSEs ever could. There is no underwriting standard today, what there is are a couple of underwriting monopolies - a monopoly is not a public standard.

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