|Coalition Support Letter Regarding S3533 - HR 6364 SECURE Notarization Act||116th Congress||03/26/20|
|G-Fee Coalition Letter||Congress||03/09/20|
|Joint Letter on GSE Reform||Congress, Administration||09/05/18|
|Joint Letter Supporting TRID Improvement Act of 2018 (S. 2490)||U.S. Senate||07/12/18|
|Thank You for Introducing the Community Institution Mortgage Relief Act of 2017||Representative Tenney||09/06/17|
|Comments on FHFA Climate Risk Management RFI||FHFA||04/19/21|
|Main St Coalition PSPA Changes||Treasury, FHFA||04/06/21|
|QM Loan Definition Delay CFPB Final||CFPB||04/05/21|
|Letter on FHA Condo Recommendations||HUD||03/11/21|
|FHFA Liquidity Requirements Letter||FHFA||03/09/21|
|Housing-Finance Reform: The Community Bank Perspective||Senate Banking Committee||Written Statement||09/10/19|
|Housing Finance: The Community Bank Perspective||Senate Banking Committee||Written Statement||03/26/19|
|Hearing: Housing Finance: Private Sector Perspectives on Housing Finance Reform||House Subcommittee on Housing and Insurance||Samuel A. Vallandingham||10/25/17|
|Hearing: Housing Finance Reform: Maintaining Access for Small Lenders||Senate Banking, Housing and Urban Affairs Committee||Jack E. Hopkins||07/20/17|
|Hearing: Principles of Housing Finance Reform||Senate Banking, Housing, and Urban Affairs Committee||Written Statement||06/29/17|
ICBA and other groups called on Treasury Secretary Janet Yellen and FHFA Director Mark Calabria to delay product and program restrictions for Fannie Mae and Freddie Mac.
Background: The restrictions are included in a recent amendment to the Preferred Stock Purchase Agreements between Treasury and the government-sponsored enterprises. They include a volume cap on sales through the GSE cash window and purchase restrictions on loans on second homes, on investment properties, and with certain higher-risk characteristics.
Impact: As the groups noted in their joint letter, the changes would disrupt the housing market and limit access to affordable mortgage credit, particularly for low- and moderate-income or minority borrowers.
ICBA Position: The groups urged the agencies to delay implementation of these restrictions and remove them from the PSPAs. They also called for increased transparency and a detailed analysis on how PSPA changes would affect market liquidity and LMI borrowers.