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.govthe 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."
Shelby emphasizes the need for mortgage systems to withstand significant market declines.
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