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MBA urges FHFA to shift risks away from GSEs
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Financial Stability
Friday, December 4, 2015
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In a letter to Federal Housing Finance Agency Director Melvin Watt, the Mortgage Bankers Association stated that it was “imperative” that Fannie Mae and Freddie Mac reduce their retained risk to avoid increases in taxpayers’ investment in the enterprises, adding that it was “critical” that the FHFA incorporate more explicit up-front risk sharing targets in the 2016 scorecards. Read on to learn more about the trade association’s recommendations.
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