WASHINGTON (12/30/13)--The Credit Union National Association has encouraged incoming Federal Housing Finance Agency Director Rep. Mel Watt (D-N.C.) to ensure balanced oversight of Fannie Mae and Freddie Mac that fully considers the impact actions will have on credit unions.
CUNA President/CEO Bill Cheney made these remarks in a letter sent to Watt last week.
In that letter, the CUNA CEO said credit unions are looking forward to working with Watt, and also urged him to do all he can to ensure that:
Cheney said CUNA would like to have a solid, working relationship with the agency on a range of issues, including fair access. The CUNA letter also highlighted concerns regarding policies and other developments, including:
The CUNA letter also urged Watt to withdraw proposed loan purchase limit reductions.
Watt is scheduled to be sworn in as FHFA director on Jan. 6.