League urges NCUA to increase residential real estate appraisal thresholds

Published by: Emily Leite

February 6, 2020 | Government Affairs

As member-focused institutions, Ohio’s credit unions strive to help all members meet their financial goals, including homeownership. That’s why your League remains attentive on federal rulemaking involving mortgage lending to ensure credit unions have enhanced flexibility to better serve homebuyers. Recently, we submitted written comments to the National Credit Union Administration (NCUA) supporting the agency’s proposed residential real estate appraisal threshold increase from $250,000 to $400,000, providing parity with the banks and encouraging valuation flexibility. We argued that in doing so, NCUA will help address the challenges associated with market scarcity of appraisers and further empower credit unions in managing individual lending and risk mitigation priorities. To learn more, make sure you read the entire comment letter the League sent NCUA. If you have questions or would like additional information on the proposed residential real estate appraisal threshold, please contact the League’s Senior Vice President of Advocacy Emily Leite.

CONTACT US

E: eleite@ohiocul.org
T: (614) 923-9770
C: (614) 581-8460

Other Movement News

Government Affairs

League advocates for “clean” NDAA funding bill

In a gridlocked Congress, must-pass federal spending bills open an opportunity to accomplish policy initiatives that can either promote or inhibit credit unions from serving their members. That’s why the […]
Regulatory

Ohio shows united opposition to debit interchange rule

Cards, compliance, and cybersecurity all have a cost, and that is why the League submitted a comment letter expressing serious concern and vehement opposition to the Federal Reserve’s proposal to […]
Member Benefits

Trending on Huddle: Are you a part of the discussion?

Connecting and collaborating are part of what makes the Credit Union Movement unique to financial services and continue to be a cornerstone of its collective success. The League’s online community, […]