Federal Housing Finance Agency (FHFA) Director Mark Calabria’s request that Congress grant the agency the authority to charter new government-sponsored guarantors is one of the agency’s few housing finance reform proposals opposed by community bankers.
Ron Haynie of the Independent Community Bankers of America (ICBA) told Dodd Frank Update that although the trade group supports other provisions of FHFA’s 2018 Annual Report to Congress, community bankers generally do not support Calabria’s request for the FHFA to be granted chartering authority.
Learn what reasons Haynie offered for ICBA’s position.