July 16, 2021

NAFCU meets with HUD to talk CU mortgage lending trends


NAFCU President and CEO Dan Berger and members of NAFCU's award-winning advocacy team yesterday met with Principal Deputy Assistant Secretary for the Office of Housing and Urban Development (HUD) Lopa Kolluri, Office of Single-Family Housing Deputy Assistant Secretary Julienne Joseph to review the credit union industry's housing finance priorities.

NAFCU Director of Regulatory Affairs Ann Kossachev and Senior Regulatory Affairs Counsel Kaley Schafer also attended the meeting.

During the meeting, the group discussed HUD’s priorities, which include the interagency task force to address inequity in home appraisals and mortgage lending trends present in the credit union industry.

NAFCU is a leader in housing finance reform efforts to ensure credit union priorities, such as maintaining unfettered access to the secondary mortgage market, are addressed in any final housing finance reform. NAFCU will continue to work with HUD and monitor the housing finance landscape to keep credit unions informed of policy changes.