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Housing Finance Reform Advocacy

Congress is unlikely to adopt sweeping reforms to the mortgage finance system in 2015. The only substantive movement on mortgage finance reform likely to occur will be the result of the Federal Housing Finance Agency (FHFA), which oversees mortgage giants Fannie Mae and Freddie Mac.

Key for CAI members, FHFA is spearheading a nationwide initiative to repeal or overturn state association priority lien laws. Acting on behalf of mortgage lenders, mortgage servicers, and title insurance companies, FHFA is threatening to restrict mortgage credit for community association homeowners in states with an association lien priority statute.

CAI calls on the Administration and Congress to ensure continuity of existing state association priority lien laws and community association standards in a new mortgage finance system so association homeowners have access to mortgage credit and continue to benefit from national, evidence-based community association standards.

If you have questions about community associations and the importance of state association priority lien laws, please contact CAI’s Government and Public Affairs Team at (888) 224-4321 or