Secondary Market Must Have GSE-Style Backstop

Realtors are fervent believers in free markets, and acknowledge the need for private capital to reduce the federal government’s role in this sector. However, our members are practical and understand that in extreme economic conditions private capital will retreat from the market, requiring the participation of an entity that will remain active in the marketplace regardless of economic conditions.

Article source: http://www.nationalmortgagenews.com/nmn_features/secondary-market-gse-style-backstop-1027195-1.html

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