Multiple Agencies Release Interagency Statement on Maximum Flood Insurance Coverage

Federal agencies, including the National Credit Union Administration (NCUA), have released an interagency statement on the increased maximum flood insurance coverage for other residential buildings. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “When do we need to obtain an appraisal?”

NCUA Plan to Levy Fines for Late Call Reports ‘Excessive,’ NWCUA’s Stang Says

Plans by the National Credit Union Administration to levy fines against credit unions that miss quarterly filing deadlines for their 5300 Call Reports drew immediate reactions from national and regional executives Thursday, with NWCUA President/CEO Troy Stang calling the move “excessive.”

Where the Short-Term, Small-Amount Loan Stands Today

The NCUA just released proposed changes to the short-term, small-amount loan (STS) program, which allows federal credit unions to offer a viable alternative to predatory payday lending.

Most Maximum Conforming Loan Limits Will Remain at 2011 Levels in 2012

The FHFA announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2012 will remain at 2011 levels in all but one U.S. county.