The U.S. Treasury released its housing finance reform plan Thursday, which included a series of series of recommended legislative and administrative reforms. CUNA strongly supports housing finance reform principles that ensure community lenders such as credit unions are at the core of the secondary mortgage market.
“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,” said CUNA President/CEO Jim Nussle.
CUNA Chief Advocacy Officer Ryan Donovan reached out to all 535 Congressional offices in May highlighting the principles CUNA believes must be part of any future secondary mortgage market.
Those principles are: