Engaging with agencies on mortgage relief

Part of ongoing advocacy on increasing access to mortgages, America’s Credit Unions’ advocacy team met with Federal Housing Finance Agency (FHFA),  Federal Housing Administration, and Department of Veterans Affairs staff Thursday. Part of a larger financial services industry group, America’s Credit Unions was the sole organization representing credit unions. 

The group discussed implementation of the Executive Order designed to promote access to mortgage credit. America’s Credit Unions has joined organizations to provide recommendations to FHFA and other agencies on aligning appraisal standards, providing clarifications on safety and habitability versus cosmetic concerns, and expanding post-closing repair flexibility. 

Thursday’s discussion follows up a meeting with the Department of Housing and Urban Development Wednesday, and one with the Department of Veterans Affairs earlier this month. 

America’s Credit Unions continues to engage with agencies on implementation of the Executive Order.