Washington, DC, September 14, 2017 – The Community Mortgage Lenders of
America (CMLA) today issued a statement of support for the bipartisan call for
permitting Fannie Mae and Freddie Mac to build a capital cushion, rather than face a
zero-capital situation on January 1st, 2018.
“CMLA calls upon the U.S. Treasury Department and the Federal Housing Finance
Agency (FHFA) to heed the calls from Democratic Senators and the Republican
National Committee to permit Fannie Mae and Freddie Mac to begin retaining capital
in order to build a cushion against a quarterly fluctuation in income, that could lead
to significant disruption in the mortgage market”, said Glen Corso, CMLA Executive
Director. Read More ….