ICBA congratulated new Federal Housing Finance Agency Director Bill Pulte on his confirmation and laid out its key concerns related to housing finance policies.
ICBA Letter: In a letter to Pulte, ICBA called on the FHFA to:
Not fix what isn’t broken with the Federal Home Loan Banks by implementing additional barriers to funding or by unnecessarily restructuring the system.
End the conservatorship of Fannie Mae and Freddie Mac and ensure they retain their critical roles in the secondary mortgage market.
Ease regulatory burden and maintain community bank access to the secondary mortgage market.
Reconsider and pause the implementation of recent policies, projects, and initiatives that could be harmful for the housing finance industry, such as the FHFA’s credit score models and reports initiative.
ICBA Support: ICBA offered support for Pulte’s nomination in a letter to the Senate Banking Committee before it voted to advance his nomination.
