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FHFA Chair Defends Looser Lending From Lawmakers' Attacks

By Jimmy Hoover (January 27, 2015, 2:01 PM EST) -- The chair of the Federal Housing Finance Agency deflected claims from his former congressional colleagues Tuesday that the agency's initiative to lower down payments for government-sponsored mortgages could land the nation in another financial crisis, saying heightened criteria for the loans will prevent massive defaults like those seen in 2008....

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