Several Federal Housing Finance Agency (FHFA) issues require immediate attention, CUNA wrote new FHFA Director Sandra Thompson Wednesday. Thompson was named acting director last week by President Joe Biden after the U.S. Supreme Court found the director could be removed at will by the president.
CUNA also reiterated its principles for housing finance reform, which outlines necessary considerations for credit unions in the reformation of our housing finance system. CUNA continues to support the goal of an eventual exit from conservatorship by the Fannie Mae and Freddie Mac responsibly without sacrificing equitable access and pricing to the secondary market for lenders of all sizes and charter types.
Short term priorities include calling on FHFA to:
In the longer term, CUNA calls on the FHFA to: