Berger, Fannie Mae CEO talk housing issues
NAFCU President and CEO Dan Berger met Tuesday with Fannie Mae CEO Hugh Frater to discuss issues related to the housing market, including credit unions' mortgage lending trends and access to the government-sponsored enterprises (GSEs).
Berger was joined in the meeting by NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Vice President of Research and Chief Economist Curt Long and Director of Regulatory Affairs Ann Kossachev.
Fannie Mae is a leading source of financing for mortgage lenders in the U.S. The association works closely with the Federal Housing Finance Agency (FHFA) and GSEs to ensure credit unions' mortgage market needs are taken into account in housing goals and process changes.
Last week, FHFA Director Mark Calabria indicated that the GSEs would be released from government conservatorship in the near future, but hoped that Congress would lead the effort by passing housing finance reform first.
NAFCU continues to lead efforts to ensure credit unions' unfettered access to the secondary mortgage market in any housing finance reform and has urged the Trump administration and Congress to work together on a comprehensive solution.
Hunt recently testified before the Senate Banking Committee on credit unions' priorities for housing finance reform, many of which align with Calabria's and the Trump administration's positions on the issue.
In November, NAFCU provided comments to the FHFA on its proposed capital rule for the GSEs. The association generally supports the proposal, but recommended the FHFA allow the GSEs to submit capital restoration plans as allowed under the Housing and Economic Recovery Act (HERA) – a provision that makes clear Congress envisioned a path to remove the GSEs from conservatorship. NAFCU also argued that restoration plans shouldn't be approved until Congress has agreed to codify certain safeguards.
Add to Calendar 2020-05-26 14:00:00 2020-05-26 14:00:00 Corporate Social Media Presence: High Risk, High Reward Having a social media presence has become a near-necessity in today’s constantly-connected world. Social media provides a unique avenue to reach customers (and potential customers) in ways that more traditional media has never been able to accomplish. But in addition to these unique benefits, a company’s social media presence also presents unique risks. Jay Williams, an attorney at Buckley LLP, will discuss these risks, as well as the ways companies can effectively mitigate them. This webinar will address recommended practices for a company’s social media presence, including developing a social media policy, understanding enforcement implications and regulatory guidance. PROGRAM UNDERWRITTEN BY Key Takeaways Review the risks associated with using social media and how to put effective controls in place to manage those risks Discuss the importance of a social media policy and best practices for developing it Identify the unique electronic discovery challenges that social media presents Understand the social media guidelines that financial regulators have developed Register Now For On-Demand Access$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until May 26, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) C-suite executives Marketing staff Communication staff Social media staff Compliance staff Risk staff Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar. NCRMs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Associate Director of Education, NAFCU Learning Objectives: Review the risks associated with using social media and how to put effective controls in place to manage those risks. Discuss the importance of a social media policy and best practices for developing it. Identify the unique electronic discovery challenges that social media presents. Understand the social media guidelines that financial regulators have developed. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Communications and Marketing – Non-Technical & Regulatory Ethics - Technical National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU firstname.lastname@example.org America/New_York public
Credits: NCCO, NCRM, CPE
Program underwritten by Mastercard
Get daily updates.
Subscribe to NAFCU today.