Jesse Van Tol, CEO of the National Community Reinvestment Coalition, urged the FHFA's next director to “act immediately to reconsider a number of recent directives that are undermining the role of GSEs in the market, mortgage rates and mortgage products , including the December regulation of their capital requirements and the program and product restrictions contained in the January amendments to the FHFA-Treasury Preferred Stock Purchase Agreements. "
Immediately after Thompson's appointment, Scott Olson, executive director of the Community Home Lenders Association, sent a letter to her and Treasury Secretary Janet Yellin demanding that the January amendments be suspended. The CHLA, which consists mostly of small and medium-sized non-bank mortgage lenders, previously questioned several moves by the agency, claiming they were a consequence of the January revisions to the PSPAs.
"The government has made the pursuit of racial equity in home ownership a core part of its housing policy," Olson wrote. "The PSPA volume caps completely contradict this guideline."
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