Search
 

RoundTable Group Sends 'Member Mortgage Relief Initiative' to NCUA

WASHINGTON -- The CU Housing RoundTable, a group that made headlines earlier this month recommending a credit union-controlled secondary mortgage market, has presented a proposal to the NCUA, asking to make $1 billion in CLF funds available to natural person credit unions, through the corporate network, to assist with problem...

By Heather Anderson | Updated on October 29, 2008

WASHINGTON — The CU Housing RoundTable, a group that made headlines earlier this month recommending a credit union-controlled secondary mortgage market, has presented a proposal to the NCUA, asking to make $1 billion in CLF funds available to natural person credit unions, through the corporate network, to assist with problem real estate loans.

The group presented the Member Mortgage Relief Initiative to the NCUA last Tuesday, October 21. According to the CU Housing RoundTable’s Web site, Boeing Employees Credit Union President & CEO Gary Oakland, who heads the initiative’s task force, met with NCUA Chairman Fryzel two days later to discuss the plan “with the understanding the Task Force would provide additional thoughts on the structure of the proposed Initiative.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.