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Community bankers urge Watt to let Fannie, Freddie build capital

Politico Pro, By Jon Prior

The Independent Community Bankers of America is urging Federal Housing Finance Agency Director Mel Watt to allow government-controlled Fannie Mae and Freddie Mac to build larger capital reserves in the face of potentially higher risks from his latest decisions, according to a Dec. 12 letter the group sent to the agency.

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