The Mortgage Bankers Association will have the opportunity today to testify on proposed changes to the regulation of Fannie Mae and Freddie Mac, the government-sponsored enterprises.

We will tell the House Committee on Banking and Financial Services that the reason for Fannie and Freddie's existence is as valid as ever - to ensure dependable liquidity for a stable secondary market, particularly for single-family, long-term, fixed-rate mortgages.

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