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SAN DIEGO-Experts argue that the GSEs are needed since they play such a significant role in multifamily financing. MBA Chairman-Elect E.J. Burke recently told the Senate Banking Committee that lawmakers and regulators must craft a long-term plan for multifamily housing that ensures a role for both private capital and the federal government. At the same hearing, Committee Chairman Tim Johnson noted the important role of Fannie Mae and Freddie Mac in the multifamily housing market and cautioned that broad access to credit must continue to be available as GSE reform moves forward.

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