NAFCU: The credit union perspective on housing finance reform

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Opinion Parsons’ Perspective From the NAFCU Frontline By. Mike Parsons; Published.. housing finance reform and the future of government-sponsored enterprises Fannie Mae and Freddie Mac. While I am proud of all that the credit union industry and NAFCU have accomplished over the past two years.

Servicers Can Modify Current Loans, Fannie Mae Says DeMarco says Senate hearing was constructive’ step toward taking Fannie Mae, Freddie Mac out of conservatorship – The former head of Fannie Mae’s and Freddie Mac’s chief regulator. DeMarco now is president of the Housing Policy Council that represents mortgage finance companies that originate, service and.

Recent Activity NAFCU is engaged with both lawmakers and the Trump administration to discover the best path forward on housing finance reform. As Congress considers legislation to reform the housing finance system, NAFCU has shared the credit union perspective through letters, meetings, and testimony before Congressional committees.

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Ginnie Mae-NAFCU Discuss Housing Finance Reform – The. – From a legislative perspective, House Financial services committee chairman Jeb Hensarling, R-Texas, and Rep. John Delaney, D-Md., in September released a housing finance reform discussion draft that would transform Ginnie Mae’s role in the housing finance market, as well as preserve a NAFCU-sought government guarantee to the secondary.

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Going forward, NAFCU will keep the protection of credit unions’ tax-exempt status as its top priority. We will urge the CFPB to use its statutory authority to exempt credit unions from regulations designed to address bad actors on Wall Street. Housing finance reform will also be a major focus.

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As talks surrounding housing finance reform persist, the National Association of Federally-Insured Credit Unions published its own thoughts on the matter to ensure the safety of the credit union system in whatever reform is ultimately implemented. While the paper is not an official proposal for GSE reform, it suggests

NAFCU also participated in the discussion surrounding the Housing Finance Reform and Taxpayer Protection Act of 2014 (Johnson-Crapo) and has consistently commented on proposals coming out of the Federal Housing Finance Agency (FHFA) to provide the agency with information on the potential affects their proposals may have on credit unions.

Rick Stafford, president and CEO of Tower Federal Credit Union (Laurel, Md.), will testify on NAFCU’s behalf Wednesday delivering the credit union perspective on housing finance reform during a.

Central banks should undoubtedly assume important roles in macroprudential policies. Central banks bring in essential expertise in analysing financial systems from an aggregate perspective. in a.