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Credit Union Witnesses Share GSE Reform Concerns

Bill Hampel, senior vice president and chief economist at CUNA, told Congress Nov. 5 his trade association supports the Corker-Warner bill's general approach to housing finance reform, but he suggested several areas in need of improvement.

By Nicholas Ballasy | Updated on November 13, 2013
John Harwell (left), associate vice president of risk management at the $1.8 billion Apple FCU in Fairfax, Va., shakes hands with Sen. Joe Manchin (D-W.Va.) following the hearing.

Bill Hampel, senior vice president and chief economist at CUNA, told Congress Nov. 5 his trade association supports the Corker-Warner bill’s general approach to housing finance reform, but he suggested several areas in need of improvement.

“CUNA believes the general approach to housing finance reform embodied in S.1217 to be very well thought out and sound public policy,” said Hampel before the Senate Committee on Banking, Housing and Urban Affairs during a hearing on housing finance reform and protecting small lender access to the secondary mortgage market.

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