Friday, December 12, 2014

No Sense in Keeping the GSEs Undercapitalized

No Sense in Keeping the GSEs Undercapitalized

http://www.americanbanker.com/bankthink/no-sense-in-keeping-the-gses-undercapitalized-1071607-1.html

Treasury can — and should — take immediate corrective action to cure the undercapitalization of the GSEs. The Community Mortgage Lenders of America calls on the U.S. Treasury and the Federal Housing Finance Agency to restructure the payment terms of its agreement to enable the GSEs to retain a portion of their net earnings to rebuild their capital positions. There is neither a need nor a rational reason to wait on Congress to act, particularly since GSE reform legislation is far from certain.

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