Letter: Joint Trade Letter to FHFA on Definition of First-Generation Homebuyers

June 7, 2024

USMI joined America’s Credit Unions, Community Home Lenders of America, Housing Policy Council, and Independent Community Bankers of America in sending a letter to the Federal Housing Finance Agency (FHFA) to share observations and recommendations related to the government-sponsored enterprises’ (GSEs), Fannie Mae and Freddie Mac, definition and policies regarding First-Generation Homebuyers. The coalition believes that refinements are warranted to more appropriately target borrowers and address market participants’ operational concerns. Click here to read more.