NAFCU: The credit union perspective on housing finance reform

NAFCU has previously met with Treasury Department Secretary Steven Mnuchin and Treasury Counselor Craig Phillips, as well as Dr. Mark Calabria, who is awaiting Senate confirmation to serve as FHFA director, to discuss these efforts and share the association’s core principles for housing finance reform.

The frenetic pace of the GOP’s tax “reform” push has left some of the party’s own. municipalities, and nonprofits to finance housing (and hospitals, infrastructure, and other public works) through.

KEYWORDS housing reform NAFCU National Association of Federally-Insured Credit Unions As talks surrounding housing finance reform persist, the National Association of Federally-Insured Credit Unions. A credit union in Region I just let me in on an interesting tid-bit. The credit union’s BSA program noted that management would select the BSA Officer. Once chosen, the credit union’s BOD would approve the choice, and that was noted in the board meeting minutes. Not good enough, said the.

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NAFCU has stressed that credit unions’ access to the secondary mortgage market be protected in any housing finance reform efforts. credit unions have been gaining share in the U.S. mortgage market .

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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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Housing finance reform This month, NAFCU testified for the 12 th time during the 115 th Congress, offering credit unions’ perspective on housing finance reform . NAFCU witness Rick Stafford stressed the importance of credit unions’ unfettered access to the secondary mortgage market and need for affordable housing options to members of the.

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.

As the Trump administration looks to reform housing finance, US credit unions are calling for new measures to ensure member-owners are not at a disadvantage. On 27 March, president Trump signed a memorandum instructing federal agencies to develop a plan to overhaul the US housing finance system.