On December 14 NAR signed on to a letter to Treasury Secretary Mnuchin. The letter state that the coalition believes there near-term steps that the U.S. Treasury can take, in coordination with the Federal Housing Agency (FHFA), to promote critical reforms of the GSEs and bolster their safety and soundness. The group is concerned, however, that other potential actions to release the GSEs from conservatorship without the necessary safeguards would undermine investor confidence, create volatility in the single-family and multifamily mortgage markets, and impede access to credit for consumers.
Download Letter
12-14-2020 - NAR Coalition Letter to Treasury Secretary Mnuchin on GSE Conservatorships
Issue Date: December 14, 2020
On December 14 NAR signed on to a letter to Treasury Secretary Mnuchin. The letter state that the coalition believes there near-term steps that the U.S. Treasury can take, in coordination with the Federal Housing Agency (FHFA), to promote critical reforms of the GSEs and bolster their safety and soundness. The group is concerned, however, that other potential actions to release the GSEs from conservatorship without the necessary safeguards would undermine investor confidence, create volatility in the single-family and multifamily mortgage markets, and impede access to credit for consumers.
Download Letter