Federal Housing Finance Agency (FHFA) building in downtown Washington, D.C.
In comments filed with the Federal Housing Finance Agency (FHFA), America’s Credit Unions urged regulators to adopt a balanced approach to setting Fannie Mae and Freddie Mac’s housing goals, emphasizing the need to promote affordability without compromising market stability or liquidity.
The letter, submitted as part of the FHFA’s proposed 2025–2027 Enterprise Housing Goals, supported the agency’s mission to expand access to affordable housing but warned against overly prescriptive targets that could “inadvertently disrupt credit availability, increase costs, or distort the market.”
“Credit unions share the FHFA’s commitment to housing affordability and equitable access,” the organization wrote, “but these goals must align with prudent underwriting and secondary market practices that ensure long-term sustainability.”
America’s Credit Unions also called for the FHFA to maintain flexibility in how the government-sponsored enterprises (GSEs) meet their goals, particularly amid fluctuating housing market conditions and interest rate environments.
The group further recommended that the FHFA consider credit union mortgage data and participation levels when evaluating GSE performance, noting that credit unions play a vital role in financing affordable housing but face unique structural and regulatory constraints compared with large banks.
“Credit unions remain committed to safe, sound and fair lending,” the letter concluded. America's Credit Unions encouraged FHFA to adopt goals that strengthen, not strain, the cooperative financial institutions serving millions of American families.
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