Removing Barriers Blog

CUNA responds to Administration's housing finance reform proposal
Posted September 06, 2019 by CUNA Advocacy

The Administration released its long-awaited proposal for housing finance reform—outlining Treasury’s goal of returning Fannie-Mae and Freddie Mac to privately held companies and urging Congress to pass legislation that would expand the number of secondary market participants with access to an explicit government guarantee.  “We applaud the Administration’s efforts to address this critical issue and look forward to working with both Congress and the Administration to develop the specific steps needed to reform the housing finance market and ensure that credit unions are able to continue providing affordable mortgage credit to Americans across the economic spectrum.”