NAFCU President and CEO Dan Berger met Tuesday with Fannie Mae CEO Hugh Frater to discuss issues related to the housing market, including credit unions’ mortgage lending trends and access to the government-sponsored enterprises (GSEs).
Berger was joined in the meeting by NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Vice President of Research and Chief Economist Curt Long and Director of Regulatory Affairs Ann Kossachev.
Fannie Mae is a leading source of financing for mortgage lenders in the U.S. The association works closely with the Federal Housing Finance Agency (FHFA) and GSEs to ensure credit unions’ mortgage market needs are taken into account in housing goals and process changes.
Last week, FHFA Director Mark Calabria indicated that the GSEs would be released from government conservatorship in the near future, but hoped that Congress would lead the effort by passing housing finance reform first.
continue reading »