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Mark Calabria, chief economist for Vice President Mike Pence, with whom NAFCU met earlier this month, reportedly said Tuesday that overhauling Fannie Mae and Freddie Mac is a priority for the Trump administration.

Morning Consult reported that "a set of principles" is expected to emerge in the coming months. Calabria delivered his comments during an American Bankers Association's conference in Washington. He added that the administration is forming a group on mortgage finance policy to figure out the best approach for reform.

NAFCU President and CEO Dan Berger and other senior staff met with Calabria to discuss the impact of the Dodd-Frank Act and NAFCU's regulatory priorities. The meeting also discussed housing finance reform and 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 the nation's housing market.

As talks of housing finance reform pick up momentum on Capitol Hill and with the Trump administration, NAFCU continues to advocate for reform that guarantees access for credit unions to the secondary mortgage market, and fair prices based on loan quality rather than volume.