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HousingWire: CMLA calls on FHFA, Treasury to recapitalize Fannie and Freddie

HousingWire, By Trey Garrison

The Community Mortgage Lenders of America renewed its call for U.S. Treasury Secretary Jack Lew and Federal Housing Finance Agency Director Mel Watt to take immediate action to recapitalize/cure the under-capitalization of both Fannie Mae and Freddie Mac.

The CMLA in December of last year – as the GSEs were reporting record profits – called for immediate action that would allow them to retain some of those profits to build a reasonable risk capital base.

Read the full article here: HousingWire: CMLA calls on FHFA, Treasury to recapitalize Fannie and Freddie