Dr. Sharon Cornelissen, Director of Housing at the Consumer Federation of America (CFA), submitted the following written testimony before the U.S. House Committee on Financial Services, Subcommittee on Housing and Insurance, for a hearing titled “Homeownership and the Role of the Secondary Mortgage Market.” Her testimony highlights the essential role of Fannie Mae and Freddie Mac as mission-focused government-sponsored enterprises in expanding access to affordable homeownership and strengthening housing stability nationwide.

Dr. Cornelissen outlines how Congress and the Federal Housing Finance Agency can more effectively leverage the secondary mortgage market to address today’s housing affordability crisis and support sustainable homeownership across American communities.