“CMLA applauds the action taken today to allow Fannie Mae and Freddie Mac to maintain a capital buffer. The U.S. Treasury and the Federal Housing Finance Agency are to be commended for their foresight in their prudent decision to permit a $3 billion capital buffer for each enterprise,” said Glen Corso, CMLA Executive Director. “This action should help prevent unnecessary …
CMLA Supports Bipartisanship Call for GSE Capital Cushion
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 …
CMLA Urges Specific, Narrowly-Scoped Changes for GSE Reform
Testimony says most of GSE Reform has already been accomplished Washington, DC, July 20, 2017 – In testimony before the Senate Banking Committee, the Community Mortgage Lenders of America (CMLA) urged Congress to enact narrowly-scoped, targeted legislation to complete the job of housing finance reform, and urged administrative action by the Federal Housing Finance Agency (FHFA) to set capital standards and oversee the recapitalization …
CMLA/Joint Statement on GSE Reform Principles
MAIN STREET GSE REFORM COALITION COMMON GSE REFORM PRINCIPLES Introduction For a variety of reasons, the time has come to end the conservatorships of Fannie Mae and Freddie Mac. The nation’s homeownership rate is hovering near a 50-year low, and the gap between the demand for and availability of affordable rental housing continues to widen. [View as pdf] As Congress …
CMLA Opposes Piecemal GSE Reform
Coalition Letter Urges Congress to avoid Funding Bill Riders Washington, DC, September 20, 2016 – The Community Mortgage Lenders of America (CMLA), in a joint letter with civil rights organizations, affordable housing groups and business groups, urged Congress to avoid piecemeal reform of Fannie Mae and Freddie Mac through riders to year end funding bills or other must pass legislation. (View this release …