Resolved that NAHB urge Congress to remove Ginnie Mae’s salary and expenses from the federal budget appropriations.
Further resolved that NAHB urge Congress to authorize Ginnie Mae to establish policies with respect to matters involving hiring, compensation, personnel management and procurement that are free from federal government constraints in order to be operated in a manner more consistent with the bank regulatory agencies, such as the Federal Deposit Insurance Corporation.
Further resolved that until such time that Ginnie Mae is removed from the federal budget appropriations process, NAHB urge Congress to ensure that Ginnie Mae has adequate funding to effectively monitor the financial health of its issuers/servicers and thereby continue to serve as an efficient and reliable contributor to mortgage market liquidity.
Resolution originally adopted: 2016.1, Resolution No. 3
Committees with primary jurisdiction:
- Housing Finance Committee