CUNA Forms GSE Task Force

Posted by Orb Staff on November 05, 2010 No Comments
Categories : Residential Mortgage

The Credit Union National Association (CUNA) has formed a new GSE Reform Task Force that will provide policy-makers with recommendations for the future of government-sponsored enterprises Fannie Mae and Freddie Mac.

The task force is expected to provide its preliminary views on GSE reform to the U.S. Treasury Department by the end of this month, CUNA says. The Obama administration has pledged to deliver its proposals for housing finance reform in January.

‘[W]e recognize that having a secondary market available to credit unions that make and want to sell home mortgage loans is a critical issue, and CUNA wants to be involved in that discussion,’ says CUNA President and CEO Bill Cheney.

SOURCE: CUNA

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