ACU, Financial Groups Urge White House To Cut Mortgage Borrower Costs Without Congress
By CU Today Staff —
WASHINGTON--Recommendations to lower costs for mortgage borrowers without Congressional action are the focus of a joint letter from America’s Credit Unions and other financial services organizations.
National Economic Council Director Kevin Hassett
The group sent these recommendations Wednesday to National Economic Council Director Kevin Hassett, ACU said.
According to ACU, helping address the Administration’s goal of increasing housing affordability, the targeted, achievable reforms would lower costs for borrowers, preserve safety and soundness for market participants:
The organizations also recommend policymakers examine opportunities for “broader regulatory modernization that would reduce costs structurally and sustainably,” in addition to near-term affordability goals.
Originally reported by CU Today.