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Berger, FHFA Acting Director Thompson meet to discuss housing priorities


Berger, FHFA Acting Director Thompson meet to discuss housing priorities
FHFA
NAFCU President and CEO Dan Berger and members of NAFCU’s award-winning advocacy team yesterday met with FHFA Acting Director Sandra Thompson and Acting Chief of Staff Danielle Walton.
NAFCU Chief Economist and Vice President of Research Curt Long, Director of Regulatory Affairs Ann Kossachev, and Regulatory Affairs Counsel James Akin also attended the meeting.
During the meeting, the group discussed Thompson’s priorities as Acting Director of the FHFA as well as several of the association’s concerns and priorities, including recent amendments to the government-sponsored enterprises’ (GSEs) Preferred Stock Purchase Agreements (PSPAs) and the impact on credit unions’ ability to provide temporary GSE qualified mortgages through the GSE Patch. ....

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Audit of CDLE unable to track a half-billion dollars


CDLE received 548,000 unemployment claims from July 2019 to June 2020. That s five years worth of work compared to the average over the previous three years (109,000). Of the record claims, 337,000, or 60%, were filed from March 15 to April 30. 2020.
We lost both our Controller, Deputy Controller and a number of lower-level finance staff toward the beginning of 2020, said Chase.
Finance leadership changed just as the pandemic began.
We initiated, in August, a finance restructuring, reorganization that really goes to beef up our higher-level technical knowledge accounts and reduces our lower level pay-the-bills-type accountants, said Chase.
The new MyUI+ system was also delayed, which has led to more fraudulent claims getting through a legacy system that wasn t built to detect fraud. The state initiated the MyUI+ system in January, which came with a new ID verification application. ....

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Colorado homeowner gets fraudulent unemployment cards in mailbox


New homeowner finds fraudulent unemployment benefit cards in mailbox
In Parker, a new home purchase led to a surprise find in the mailbox, and the Colorado Dept. of Labor and Unemployment knew about the issue before it was reported.
Author: Marshall Zelinger
Updated: 7:34 PM MST March 1, 2021
PARKER, Colo. New home purchases usually mean mailboxes full of welcome to the neighborhood ads and coupons.
In Parker, a new home purchase for Linda and Tim Steward led to a different discovery in the mailbox.
When I got done with closing, I came over here to check the mail and opened the mailbox and it was jammed full, Tim Steward said. ....

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