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News Now

Washington
CUNA at White House meeting on housing reform
WASHINGTON (4/11/14)--"Access to mortgage credit in the current market" was the topic Thursday of the White House's latest in a series of stakeholders' meetings held to discuss housing finance policy issues.
 
The stakeholders' sessions have been being held as the Senate Banking Committee prepares to consider the Johnson-Crapo housing finance reform bill on April 29.
 
Credit Union National Association officials and staff attended the meeting at which the Johnson-Crapo bill was discussed, as were:
  • Mortgage down payment requirements;
  • Federal Housing Administration (FHA) fees;
  • The FHA Homeowners Armed With Knowledge (HAWK) initiative, which seeks ways to embed housing counseling into FHA mortgage origination and servicing; and
  • The Federal Housing Finance Agency development of a common securitization platform on behalf of the government-sponsored housing enterprises.
FHA Commissioner and Assistant Secretary for Housing Carol Galante was in attendance at the meeting.  CUNA was represented by General Counsel Eric Richard, Deputy General Counsel Mary Dunn and Assistant General Counsel for Special Projects Robin Cook.
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