The National Association of Federal Credit Unions is reminding government officials that many of its members need a housing finance system that can provide credit unions with unrestricted access to a secondary mortgage market, without such system the originations market would stall.

In a letter to Sens. Jon Tester, D-Mont., and Mike Johanns, R-Neb., NAFCU said, "This source of liquidity is critical to enabling credit unions to serve the mortgage needs of their 95 million member-owners across the country."

NAFCU is concerned about a recently announced policy that would limit future Fannie Mae and Freddie Mac acquisitions to loans that meet the qualified mortgage definition.

"As the housing market continues to recover from the financial crisis, it is especially critical that lawmakers and regulators strike the necessary and proper balance for the government’s role in the housing finance sector," the letter stated.