Page 23 - MCUL: Contact Magazine - Q4 2019

We help you turn the NCUA Board Chairman Rodney Hood with MCUL and

credit union representatives during 2019 Hike the Hill.
American dream into

a Michigan reality. A YEAR IN REGULATORY REVIEW

By Sarah Stevenson
With MSHDA mortgage loans, you can offer potential
homebuyers in Michigan many ways to help make their It seems strange to think we’re wrapping up another year. come. Let’s start with the Financial Accounting Standards
dream come true. From conventional loans with By the time this magazine reaches your desk, I imagine Board (FASB). We don’t often hear much from FASB since
discounted mortgage insurance to FHAs, VAs and the snow will already be fl ying. The Farmers’ Almanac is it’s a private, nonprofi t organization and not a federal reg-
UP TO
UP TO
$7,500 Rural Development Guaranteed loans, and our statewide predicting another volatile, cold and rather moody winter, ulatory agency, so when we do hear something it’s likely
$7,50077
which sounds a lot like the rulemaking agendas of regu-
to have a signifi cant impact.
Michigan Down Payment loan of up to $7,500. Find out
Michigan Down Payment
Michigan Down Payment about our loans, which homes are eligible, and how latory agencies.
buyers can qualify at MichDownPayment.com. For those who aren’t entirely familiar with what I’m talking
2019 proved to be another interesting year with several about, FASB is a standard-setting body whose primary
proposed and fi nal rules, and a promise of more changes to purpose is to establish and improve accounting standards

™ FOURTH QUARTER 2019 I CONTACT 2323
1.844.984.HOME (4663)
Equal Housing Employer/Lender
Terms and conditions apply. Find out more at MichDownPayment.com/details

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