WASHINGTON, DC (August 6, 2013) -- The National Association of Federal Credit Unions (NAFCU) today issued the following statement regarding President Obama’s housing finance reform plan.
"We appreciate the president’s leadership on seeking solutions to reform our housing finance system and his recognition of the importance of community-based lenders such as credit unions,” said B. Dan Berger, NAFCU’s president and CEO. “Credit unions are safe, responsible lenders and have proven to be a valuable resource to consumers throughout the financial crisis. In any future housing finance system, it is critical that credit unions continue to have unfettered access to the secondary mortgage market and attain fair pricing based on the high quality of their loans.
“NAFCU also appreciates the Administration’s recognition of the significance of government support in the secondary mortgage market.
"We look forward to working together with the White House and Congress as this issue advances to ensure credit unions can continue to help more Americans achieve the dream of homeownership."
The National Association of Federal Credit Unions is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public.