House Lawmaker Warns of CECL’s Impact on Fannie, Freddie
National Mortgage News, Feb. 14, 2019–Neil Haggerty (subscription)
Rep. Blaine Luetkemeyer, R-Mo., told acting Federal Housing Finance Agency Director Joseph Otting that he is concerned the Financial Accounting Standards Board’s new model for estimating loan losses, which has long drawn industry criticism, could pose risk across the mortgage market.
