Private Mortgage Insurers Need Support, Experts Say

Law360, New York (July 29, 2010, 5:48 PM EDT) -- As the U.S. House of Representatives considers reforming government-sponsored entities Fannie Mae and Freddie Mac, a House panel on Thursday grilled private mortgage insurance experts on ways to increase private sector participation in secondary mortgage markets and reduce public exposure.

Experts testifying before the House Financial Services Committee subcommittee on capital markets split over whether the government should remove the GSEs from the secondary mortgage market. They agreed, however, that more support should be given to private mortgage insurers to help them compete on a level...
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