FHFA: Ensuring Equal Secondary Market Access to Community Lenders Critical to Finance Reform
July 25, 2013
The Federal Housing Finance Agency considers community-based lenders a critical component for lawmakers to consider as they move to lay the foundation for a new housing finance system, an FHFA official said during a hearing this week of the Senate Banking, Housing and Urban Affairs Subcommittee on Securities, Insurance and Investment. As we move to reform our nations housing system, it is important to ensure that community-based lenders are able to fully participate in the new system, said Sandra Thompson, the FHFAs deputy director for the Division of Housing Mission Goals. There should not be a significant difference between how large and small lenders are treated when securitizing residential mortgage loans. Thompson said...