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.
WASHINGTON – When Congress returns to session on Tuesday, regulatory and housing finance reform will be on the back burner as. chief advocacy officer at the Credit Union National Association..
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. Association of Federally-Insured Credit Unions (NAFCU) has issued what it describes as its “core principles” for balancing federal housing finance reform with the specific needs of the credit.
NAFCU sees new opportunity for housing finance reform. WASHINGTON, DC (June 25, 2018) – National Association of Federally-Insured Credit Unions President and ceo dan berger today sent a letter.
Housing finance reform will also be a major focus. Reform that guarantees access to the secondary mortgage market for credit unions and ensures fair pricing based on loan quality, not just volume. NAFCU will also continue to advance the adoption of national data security standards for all that hold consumers’ personal financial data (similar to.
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. NAFCU has also led advocacy efforts to inform the administration and relevant government agencies on credit union concerns.
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housing finance reform ideas from the perspective of all stakeholders. NAFCU is the only national organization exclusively representing the interests of the nation’s federally-insured credit unions. NAFCU-member credit unions collectively account for approximately 69 percent of the assets of all federally chartered credit unions.
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Our Position We are committed to educating legislators about the positive impact the secondary market has had on the credit union community and the role credit unions play in ensuring the safety and soundness of our nation’s housing market. In any housing finance reform efforts, we strongly advocate for equal access to the market for credit unions and fair pricing based on loan quality as opposed to volume, because in order to achieve a healthy, sustainable and viable secondary market, there.