NAFCU to Congress: Protect small lenders, act on housing finance reform

first_img continue reading » Following Federal Housing Finance Agency (FHFA) Director Mark Calabria’s recent announcement that the agency plans to issue a re-proposed rule setting capital requirements for the Government-Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac early next year, NAFCU’s Brad Thaler reiterated the association’s call for legislative action on housing finance reform in a letter to lawmakers.As the leading voice for credit unions with housing reform discussions, NAFCU has continuously advocated for the importance of maintaining credit unions’ unfettered access to the secondary mortgage market and has engaged with Calabria, other administration officials, and lawmakers on the issue.“NAFCU has long advocated for housing finance reform because the current conservatorship of the GSEs is unsustainable; however, certain legislative safeguards should first be adopted to preserve a level playing field for financial institutions of all sizes,” wrote Thaler, the association’s vice president of legislative affairs.In the letter, sent to members of the House Financial Services and Senate Banking Committees, Thaler urged Congress to move “swiftly” to protect the ability of small lenders, such as credit unions, to obtain liquidity through mortgage loan sales to the GSEs. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Read more

Tipp Hurlers draw Banner for All Ireland QFs

first_imgTipperary’s Senior hurlers will take on old rivals Clare for a place in the All Ireland Semi Final.Michael Ryan’s side have just been drawn against the Banner in the first of the two quarter finals which are due to take place on the weekend of July 22nd/23rd.Waterford have been drawn against Wexford in the other quarter final with both pencilled in for the new look Pairc Ui Chaoimh with exact times and dates set to be confirmed by the CCCC later. Speaking after their win over Dublin to set up the quarter final clash with Clare Tipp manager Michael Ryan says they’ll still have to improve going forward.last_img

Read more