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  • Comment Detail

  • Date: 06/13/18
    First Name: Yin
    Last Name: Choi
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AA95

  • Comment

    Fannie and Freddie are important organizations for secondary mortgage market which most Americans do not understand. They are the reason why people with good credit have access to 30 year mortgage loan. They also provide a good set of underwriting standards so they keep systematic risk to the financial system to a minimum. This quasi public private relationship is essential to the housing market and should be allowed to continue to operate. In order to bring back private capital and get these enterprise out of Treasury control, they should be allowed to retain their earnings as capital buffer going forward. Treasury should also work with FHFA to unwind their ownership in order to attract private capital to support the two entities.