The vast majority of credit unions reject the Republicans’ plan to privatize Fannie Mae and Freddie Mac and insist that the government retain a role in the secondary mortgage market, according to a new survey by the National Association of Federal Credit Unions (NAFCU).

NAFCU’s monthly Economic & CU Issues Monitor found almost all credit unions that are offering mortgages, 88.7%, use the secondary market, and 88.9% plan to do so going forward. And 84% of credit unions oppose the full privatization of Fannie and Freddie without a government guarantee, as GOP lawmakers are proposing as part of reform of the government sponsored enterprises.

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