September 13, 2018

NAFCU at White House to talk housing finance reform

White HouseNAFCU Senior Regulatory Affairs Counsel Ann Kossachev today will attend a meeting at the White House to discuss housing finance reform priorities. NAFCU has shared its core principles for housing financial reform that should be included in any final reform measures with lawmakers and officials in the Trump administration.

Other industry trade groups are also slated to attend today's meeting.

NAFCU has engaged with key lawmakers and agency officials – including Treasury Secretary Steven Mnuchin and Counselor Craig Phillips, Federal Housing Finance Agency Director Mel Watt, and Department of Housing and Urban Development Secretary Ben Carson – throughout its efforts to achieve credit unions' housing finance priorities.

In June, NAFCU President and CEO Dan Berger sent a letter to Mnuchin in response to President Donald Trump's recent proposal, "Reform the Federal Role in Mortgage Financing," which was outlined in the administration's broader agency reorganization plan. Berger urged the administration to work with Congress on housing finance reform and reiterated credit unions' need for unfettered access to the secondary mortgage market.

NAFCU is engaged as Congress and FHFA work to reform the nation's housing finance system, including on a draft bill released last week by House Financial Services Committee Chairman Jeb Hensarling.