NAFCU’s Carrie Hunt, in a letter yesterday to the Senate Banking Committee, urged committee members to ensure credit unions’ access to the secondary mortgage market in any housing finance reform legislation it considers.
Hunt, NAFCU’s executive vice president of government affairs and general counsel, was writing in response to the Federal Housing Finance Agency’s (FHFA) recently released objectives to reform the housing finance system. The objectives include a recommendation for a single government-guaranteed mortgage-backed security, echoing a key part of NAFCU’s core principles for housing finance reform.
In the letter sent to Senate Banking Chairman Mike Crapo, R-Idaho, and Ranking Member Sherrod Brown, D-Ohio, Hunt outlines other reform efforts NAFCU supports, including:
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