The amended agreement with the Treasury ensures an orderly release of Fannie Mae and Freddie Mac from conservatorship, restoring the Treasury's consent rights.
Bob Broeksmit emphasized the importance of considering impacts on the housing market when contemplating the GSEs' release from conservatorship, highlighting financial stability.
Broeksmit stated that conservatorship was never meant to last indefinitely and supported changes to promote transparency and gather market feedback on GSE reforms.
The Mortgage Bankers Association supports an explicit federal backstop for mortgage-backed securities and stresses the need for a careful transition to a post-conservatorship era.
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