Washington Report

Advocacy Updates from Washington D.C.

NAR Urges Against Rushed Actions on Fannie and Freddie

NAR with coalition partners—the American Bankers Association, the Mortgage Bankers Association, and the National Association of Home Builders—sent a letter to the Treasury and Federal Housing Finance Agency asking them to refrain from any rushed actions to end the conservatorship of Fannie Mae and Freddie Mac.

These two entities currently finance the majority of single-family mortgages and are critical not just to supporting housing during the pandemic, but also for the future of homeownership. A rushed exit from conservatorship could jeopardize reforms that have been made to date and reforms that remain undone, raise costs, limit access, and preclude the GSEs from supporting the market in the next crisis.

Download the Coalition Letter

Advertisement