The Federal Housing Finance Agency (FHFA) should be more transparent in its pricing of guarantee fees, CUNA wrote to the House Financial Services Subcommittee on Housing and Insurance. The comments were submitted for the record of the subcommittee’s Wednesday hearing on housing affordability.

The Federal Housing Finance Agency (FHFA) issued a Request for Input on Government-sponsored Enterprises (GSE) Fannie Mae and Freddie Mac’s single-family pricing framework, seeking feedback on the goals and policy priorities that FHFA should pursue in its oversight of the pricing framework.

Credit unions support the same social program impacts identified in the Federal Housing Finance Agency’s Enterprise single-family social bond policy request for input, CUNA wrote to FHFA Wednesday. FHFA is considering establishing such a program for issuance by Government-sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac to investors.

CUNA highlighted the credit union system’s overall health and supported several NCUA-related priorities in a letter to the House Financial Services Committee for the record of its hearing on oversight of federal financial regulators.

The House and Senate are in Washington, D.C., this week, and federal financial regulators--including NCUA Chairman Todd Harper--are scheduled to testify before the House Financial Services Committee Tuesday and the Senate Banking, Housing, and Urban Affairs Committee Thursday.

The credit union mission is putting the needs of more than 135 million members first, CUNA Deputy Chief Advocacy Officer for Federal Government Affairs wrote to Congressional offices in advance of bank visits to Capitol Hill expected this week.

CUNA and dozens of organizations wrote Sens. Kevin Cramer, R-N.D., and Mark Warner, D-Va., in support of their bill to authorize the use of remote online notarization and create national standards and protections for its use. The House unanimously passed the bill in February.

CUNA provided suggestions to improve the efficiency of the Greenhouse Gas Reduction Fund in comments filed with the EPA Friday and called on it to provide clarity regarding credit union participation in the GGRF and requested a meeting with the EPA on the topic.

CUNA supports the Federal Housing Finance Agency’s proposed amendments to its Enterprise Regulatory Capital Framework, but is concerned validations of these methods are based on Classic FICO credit scores instead of newly approved scores friendlier to lower-income borrowers.