FHFA Single-Security Proposal Would Be Good for Credit Unions
According to NAFCU, the Federal Housing Finance Agency’s proposal to create a single security to be issued by Fannie Mae and Freddie Mac would reduce the training and compliance burden for credit unions that do business with the government-sponsored enterprises. NAFCU has further urged the agency to ensure that GSE securities currently held by credit unions not lose their marketability after the introduction of the single security. [10/15/14]
