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Bloomberg News
BLURRED LINES: Allowing issuers of mortgage-backed securities to originate loans "creates confusion around the bright line" between the primary and secondary mortgage markets, David Stevens says.

Small Lenders Fear GSE Reform Bill Could Endanger Them

As drafted, the Johnson-Crapo bill would allow big banks to originate, aggregate, and guarantee mortgages. Small lenders worry such vertically integrated companies could price them out of the business.

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