Press

NAFCU appreciates FHFA’s commitment to equal access in secondary mortgage market

FHFA voices support for several of NAFCU’s housing reform principles in Annual Report to Congress

WASHINGTON, DC (June 12, 2019) — The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after the Federal Housing Finance Agency (FHFA) submitted its Annual Report to Congress. In the report, the agency voiced support for several of NAFCU’s housing reform principles.

“A successful housing market is of great importance to credit unions and their 117 million members. NAFCU has been continuously engaged with the FHFA on reform, and we appreciate Director Calabria’s commitment to ensuring lenders, regardless of their size, retain access to the secondary mortgage market as consumers benefit from an inclusive marketplace with robust lending options,”said NAFCU President and CEO Dan Berger.

“We also thank Director Calabria for supporting several other NAFCU principles for housing finance reform, including rebuilding capital at the GSEs, expanding credit risk transfer transactions and maintaining the single security. We look forward to continuing to help shape the housing reform debate.”


About NAFCU

The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.

Contacts

Jacqueline Ramsay
jramsay@nafcu.org

Bobby Grant
bgrant@nafcu.org

More News