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NAR Comments on GSE Capital Reserves

Published Friday, June 30, 2017

On June 27, 2017, NAR submitted letters to the U.S. Federal Housing Finance Agency (FHFA) Director, U.S. Treasury Secretary, members of the U.S. Senate Committee on Banking, Housing & Urban Affairs and U.S. House Committee on Financial Services, expressing concern related to the scheduled elimination of capital reserves held by Fannie Mae and Freddie Mac (Enterprises).

Specifically, NAR letters state to Congress and the banking agencies that in the absence of comprehensive housing finance reform, policymakers need to address the declining capital reserves at the Enterprises.... Read More

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Sterling Bank & Trust
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