CUNA President/CEO Jim Nussle discussed CUNA housing priorities and other issues on a call with Federal Housing Finance Administration (FHFA) Director Mark Calabria. Calabria’s term as FHFA director runs into 2024.
“I thank Director Calabria for his time, and during the call I expressed my appreciation to him for his recent decisions responding to credit union concerns, including over the GSE refinance fee,” Nussle said. “CUNA and Leagues continue to support efforts to ensure the safety and soundness of Fannie Mae and Freddie Mac, as well as maintaining credit union access to the secondary mortgage market.”
In addition to changes to the refinance fee, the FHFA has recently:
- Made amendments to the Treasury-FHFA Preferred Stock Purchase Agreements that include small lender protections;
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