Search
 

NAFCU Urges Caution on Fannie/Freddie Reform

WASHINGTON -- Any reform of the government's mortgage buyers should ensure that regulations aren't so tight that they limit their ability to provide liquidity to credit unions, NAFCU told the chairman and ranking member of the Senate Banking Committee.

By Claude R. Marx | Updated on May 07, 2008

WASHINGTON — Any reform of the government’s mortgage buyers should ensure that regulations aren’t so tight that they limit their ability to provide liquidity to credit unions, NAFCU told the chairman and ranking member of the Senate Banking Committee.

The trade association expressed concern that the financial difficulties of Fannie Mae and Freddie Mac might prompt lawmakers to increase the companies’ minimum capital levels or impose caps on the growth of their portfolios. That would give them less money to help credit unions obtain the capital needed to create mortgages for their members.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.