“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/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 …
Joint CMLA-CHLA Letter to President re: GSE Recap
CMLA and CHLA submit a letter to President Obama regarding the recapitalization of Fannie Mae an Freddie. Read the letter here.
White House Opposes GSE Recap, Homebuyers Suffer
CMLA Chair Brooke Anderson-Tompkins Op Ed in the American Banker urging recapitalization of Fannie Mae and Freddie Mac. Read in the American Banker or National Mortgage News.