The Independent Community Bankers of America and the National Association of Federally-Insured Credit Unions wrote in support of allowing the government-sponsored enterprises to build capital.
The position taken by the trade associations is one long-supported by Federal Housing Finance Agency Director Mel Watt, who recently testified before Congress about the agency’s efforts to improve its ability to support the housing industry.
Find out more about what the trade associations had to say, regarding the GSEs’ capital buffers, and what points are similar to those Watt has made.