NAFCU and CUNA are urging lawmakers to ensure that there is some federal guarantee in the  secondary mortgage market but differ on how to achieve it.

Testifying on behalf of CUNA, State Employees Credit Union of Maryland President/CEO Rod Staatz told told the Senate Banking Committee on June 27 that even if the secondary market is privatized, there should be strong regulation to ensure all lenders have access to an equitable secondary market.

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