Are regulations hurting mortgage lending?
What impact has the Dodd Frank Mortgage servicing rules and pending risk based capital requirements had on credit unions and small banks? The question is an important one since many credit union advocates, including this blogger, have been predicting for years that Dodd Frank would result in larger banks becoming more, not less dominant, in the housing industry.For those of you who think that the impact of mortgage regulation on credit union lending has been exaggerated the GAO, in a report released yesterday reported that “credit unions are generally participating in residential mortgage lending at least as much as they have in the past. Throughout the period from the first quarter of 2002 through the third quarter of 2015, larger credit unions were more likely to have residential mortgages than smaller credit unions. However, for credit unions of all sizes, the percentage with residential mortgages increased.”For skeptics it reports that much of this growth has been driven by larger credit unions. Smaller credit unions have seen mortgages as a percentage of their assets decline in recent months while larger ones have seen increases. Larger credit unions had between 24% and 45% of their assets in mortgage loans. continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Early in his Navy SEAL career, Rob Monroe learned a universal leadership lesson about the value of collaborative thinking.“From the very beginning, we’re taught to tap into the support and ideas of the entire team when we’re planning an operation,” says Monroe, who recently addressed the inaugural CUNA CEO Council Conference about the mechanics of high-functioning teams.For Monroe, that meant curbing his tendency to want to do everything himself—to “take care of planning for the team.”Tasked with creating a full mission brief during “BUD/S”—Basic Underwater Demolition/SEAL training—Monroe took sole ownership and sent his team away for a few hours’ sleep.“Next thing I know, it’s the middle of the night, and I’m not making real progress,” Monroe says. “My instructor walked in and asked, ‘Mr. Monroe, you are class leader—where is your team?’” 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »