On the recordMarch 28, 2011
The mortgage finance system should be, quote, "capitalized sufficiently to withstand losses on defaulting mortgages that would result if house prices declined by, say, 25 percent."
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congress.govRichard Shelby: “The mortgage finance system should be, quote, "capitalized sufficiently to withstand losses on defaulting mortgages that…”
Editor's note · Context
Shelby emphasizes the need for mortgage systems to withstand significant market declines.
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