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Bloomberg News
Failure to do GSE reform leaves unresolved the issue of Fannie Mae and Freddie Mac's thin capital buffers, according to Mortgage Bankers Association chief David Stevens, "We don't want to end up doing GSE reform in a crisis," Stevens said.

What Lack of GSE Reform Means for Future of Housing Finance

The dim prospects for Congress doing anything to overhaul the system dominated by Fannie Mae and Freddie Mac leave a host of big questions about what happens to the mortgage sector going forward.

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