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Fannie Mae and Freddie Mac remain in conservatorship; however, key Members of Congress and the Administration are growing weary of the status quo.
Senate Banking Committee Chairman Crapo (R-ID) and other key Senators have indicated strong desire to address the housing finance system. The Committee has been engaging stakeholders to identify priorities for the housing finance system going forward, and Chairman Crapo looks set to chart a path towards reform. Meanwhile, in the House, House Financial Services Chairman Hensarling (R-TX) continues to advocate for significant changes to the housing finance system.
CUNA supports housing finance reform that provides equitable access and pricing to secondary market liquidity for lenders of all sizes and charter types, and which fosters access to affordable and predictable mortgage products for homebuyers.
On May 22, CUNA wrote to Chairman Crapo and Ranking Member Brown prior to the Senate Banking Committee hearing entitled, "Ten Years of Conservatorship: The Status of the Housing Finance System."
HUD seeks input on an ANPR regarding possible amendments to HUD's 2013 final rule implementing the Fair Housing Act's (FHA) disparate impact standard, as well as the 2016 supplement to HUD's responses to certain insurance industry comments made during the rulemaking. HUD is reviewing the final rule and supplement t
CUNA Advocacy | Jul 18, 2018
CUNA Advocacy | May 24, 2018
CUNA Advocacy | Oct 31, 2017
Principles for Housing Finance Reform
CU Residential Loan Parity H.R. 389/S. 836
Robert Henson Associate Director of Advocacy RHenson@cuna.coop 202-508-3634
Advocacy Issue
While credit unions generally did not participate in the risky behavior that contributed to the housing crisis, they have had to comply with the new rules and regulations created in response.
Many credit unions offer mortgages across the country, including in areas covered by flood insurance requirements.