Our Position

Housing and Mortgage Finance

Letters to Congress

Title Recipient Date
116th Congress 03/26/20
Congress 03/09/20
Congress, Administration 09/05/18
U.S. Senate 07/12/18
Representative Tenney 09/06/17

Letters to Regulators

Title Recipient Date
FHFA 04/19/21
Treasury, FHFA 04/06/21
CFPB 04/05/21
HUD 03/11/21
FHFA 03/09/21

Testimony

Title Committee Presenter Date
Senate Banking Committee Written Statement 09/10/19
Senate Banking Committee Written Statement 03/26/19
House Subcommittee on Housing and Insurance Samuel A. Vallandingham 10/25/17
Senate Banking, Housing and Urban Affairs Committee Jack E. Hopkins 07/20/17
Senate Banking, Housing, and Urban Affairs Committee Written Statement 06/29/17

Related News

ICBA urges delay in GSE product restrictions

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.