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"I don't think it's FHFA's role to contract the footprint of Fannie and Freddie," FHFA Director Mel Watt said in a May 13 speech.

Why 'G-Fees' Have Taken Center Stage in Housing Finance Debate

The hot-button topic of what Fannie Mae and Freddie Mac should charge for loan guarantees is emerging as a key issue in reviving a private-label securitization market.

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