More MBLs just part of the benefit

by Ray Birch, CUtoday.info

Credit unions will make more MBL loans thanks to the passage of S 2155, and will face less paperwork when writing loans for non-owner-occupied dwellings with up to four units.

Those will be the two primary advantages from the newly enacted Economic Growth, Regulatory Relief, and Consumer Protection Act, say credit union CEOs who offered their feedback to CUToday.info on the specific impacts they believe the regulatory relief bill will have on their organizations.

CUToday.info asked a number of CEOs about the specific impacts they believe the regulatory relief bill will have on their organizations.

In this, the first of a two-part series, CEOs discuss aspects of the regulatory relief bill related to mortgages. In part two, CEOs share their reactions to other language included in the legislation.

 

continue reading »