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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."
CUNA filed a letter on the Federal Housing Finance Agency's Request for Input on Fannie Mae and Freddie Mac Credit Score Requirements. Read the letter here. Please contact Luke Martone if you have any questions. Closed Comment Letter false 03/28/2018 Luke Martone
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