6.30.20
On Tuesday, June 30, SFA joined 16 other organizations in signing a letter to Federal Housing Finance Agency (FHFA) Director Mark Calabriacalling for an extension to the comment period on the proposed regulatory framework for Fannie Mae and Freddie Mac. “We have certainly heard the FHFA’s desire to move quickly, but we do not think that is wise given the magnitude of what this rule implies for the future of our housing market. We still believe that ultimate resolution to the conservatorship of Fannie and Freddie should involve consensus building across political lines, input from industry participants who make the market work, a real and deep understanding of consumer advocates’ views, and adequate analysis of downstream risk for the government, homeowners, and taxpayers,” commented SFA CEO Michael Bright.