Freddie Reports Loss–CMLA Renews Call for GSE Recap

CMLA Press Release, Regulatory

CMLA Executive Director Glen Corso, in a statement released to the media, said: “On behalf of our small- and independent mortgage lender members, the CMLA urges FHFA Director Mel Watt to immediately address the risk posed by inadequate capital for Fannie Mae and Freddie Mac. Running a major portion of the U.S. housing finance system on a diminishing level of capital, and relying upon a line of credit to the U.S. Treasury as a substitute for capital, is not a sensible solution.”  Read More …

CMLAFreddie Reports Loss–CMLA Renews Call for GSE Recap