CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » Senate confirms Fudge as HUD secretary
Policy & Issues

Senate confirms Fudge as HUD secretary

March 10, 2021
HUD

Marcia Fudge was confirmed by the Senate Wednesday in a 66-34 vote to become the 18th Secretary of Housing and Urban Development. Fudge previously served as a Congresswoman from Ohio since 2008.

“Congratulations to Secretary Fudge on her successful confirmation. CUNA, Leagues, and credit unions look forward to engaging her and the Department of Housing and Urban Development on ways credit unions can meet housing and other challenges in 2021 and beyond,” said CUNA President/CEO Jim Nussle.

CUNA suggested the following housing priorities for consideration in a letter sent for the record of her nomination hearing.

  • Include mortgage payment assistance to borrowers impacted by the COVID-19 crisis in any stimulus package to ensure that we do not have a foreclosure crisis when current or new COVID forbearance programs and eviction moratoria expire;
  • Include temporary liquidity assistance for mortgage servicers in any stimulus package to increase the economic stability of credit unions and Credit Union Service Organizations (CUSOs) that must front principal and interest payments for any investor-held mortgages in their servicing portfolio;
  • Ensure the Federal Housing Finance Agency’s (FHFA) recapitalization plans for Fannie Mae and Freddie Mac are phased in on a schedule that prevents disruption of the secondary mortgage market, which credit unions have utilized at increasing rates in recent years; and
  • Any amendments to existing housing finance reform plans should ensure that the secondary market remains open to lenders of all sizes on an equitable basis, without allowing Fannie Mae and Freddie Mac to provide discounts based on volume or otherwise charge higher fees to smaller lenders such as credit unions.

Credit Union Magazine: Winter 2022

Winter 2022

Credit Union Magazine’s Winter 2022 issue highlights data-driven marketing, the board’s role in cybersecurity, elder abuse scams, credit unions’ auto lending advantage, and more.
Digital Edition •  Subscribe

Trending

  • House passes CUNA, League-led board modernization bill

  • CFPB issues CUNA-opposed proposal on credit card late fees

  • Key committee leaders supportive of credit union priorities

Tweets by CUNA_News

Polls

Vote for the 2023 CU Hero of the Year

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us