Lenders want cash window capitalization reserve from Treasury
April 9, 2015
From Housing Wire: “The Community Home Lenders Association sent a letter to Treasury Secretary Jack Lew on Thursday, asking the Treasury Department to take action to set aside a portion of Fannie Mae and Freddie Mac’s profits currently swept by the Treasury Department into a reserve account, to ensure that small lenders will have continued access through a Cash Window under future housing finance reform. CHLA consists of community-based mortgage lenders nationwide, and is the only national association that exclusively represents non-bank lenders.”
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