CUNA applauds the Federal Housing Finance Agency (FHFA) for setting ambitious goals for Fannie Mae and Freddie Mac, it wrote to the FHFA Monday. The FHFA is required by statute to establish annual housing goals for Fannie and Freddie.
“CUNA strongly supports the FHFA’s efforts to ensure that the GSEs meet their public mission and responsibilities to low-income and very low-income borrowers and communities. This support is consistent with CUNA’s Housing Reform Principles, which include ‘[a]n emphasis on affordability, in recognition of the fact that smaller lenders, such as credit unions, often meet mortgage needs that banks are unwilling or unable to address in rural and working-class communities,’” the letter reads.
The letter also highlights support for: