WASHINGTON—The Federal Housing Finance Agency (FHFA) has released a draft of its Strategic Plan for 2018-2022.
The plan, said NAFCU, includes some of the specific principles for housing finance reform advocated for by the trade association. NAFCU said it plans to submit comments to the agency on its plan; the comment deadline is Oct. 27.
The FHFA's strategic plan provides an overview of the importance of housing finance reform and notes its continued efforts to encourage Congress to make progress toward reform. The plan also states several goals the FHFA hopes to achieve in the next few years, including ensured liquidity in the market, expanded access to housing finance for financial institutions of all sizes and continued work on the Common Securitization Platform, NAFCU explained.
“Credit unions have a strong role in maintaining the health and stability of the nation's housing market, especially as it relates to the secondary mortgage market. NAFCU has led efforts to give credit unions equal access to the market and fair pricing based on loan quality rather than volume of loans,” the trade association said.
NAFCU's position on housing finance reform and the activity the association has undertaken to achieve its principles are available here.