August 16, 2023 — Letter

The Underserved Mortgage Markets Coalition (UMMC) represents 30 national affordable housing organizations which are firmly committed to working with FHFA and the GSEs to increase affordable housing of all types in underserved markets. The coalition offers these policy recommendations to allow the GSEs to increase affordable housing opportunities and further the public’s understanding of their work. The letter advocates for enhanced protections in note sales, including pre-sale reviews and notices, post-sale loss mitigation options, and improvements to data reporting. The letter also promotes targeted equity investments, a CDFI preferred product, pricing that promotes service to underserved markets, strategic planning and data democratization.