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Jun

08

Housing Industry Groups Oppose Fannie and Freddie Capital Boost

By Tony Seruga

Groups send letter to FHFA saying Congress should act first
Watt has warned that shrinking capital poses ‘serious risk’

Major housing trade groups on Wednesday sent a letter to the regulator for Fannie Mae and Freddie Mac regulator opposing a recent call by some small lenders, affordable housing advocates and congressmen for the companies to build capital in the absence of housing-finance legislation.

The letter to Federal Housing Finance Agency Director Melvin Watt was signed by the American Bankers Association, the National Association of Realtors, the National Association of Home Builders, the Mortgage Bankers Association and the National Housing Conference…

Housing Industry Groups Oppose Fannie and Freddie Capital Boost

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