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WASHINGTON, DC-After weighing a plan put forth by the Federal Housing Finance Association (FHFA) in July to establish a framework for conservatorship and receivership for Fannie Mae, Freddie Mac and the Federal Home Loan Banks, industry groups such as the Mortgage Bankers Association (MBA) are responding–with more questions and requests for greater clarity.

Namely, the MBA has issued a detailed response that points out what it perceives to be three limitations to the FHFA’s proposal. In a seven-page letter sent to the FHFA, CEO John Courson and MBA chairman-elect Michael Berman noted that: the agency’s proposal is overly theoretical in its approach, it sheds no light on what would ultimately trigger placing the firms into receivership and eventually liquidation it doesn’t specify its goals in receivership.

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