Federal Housing Finance Agency Acting Director
'The end state of the enterprises is something that
Thompson also emphasized the importance of the GSEs' credit risk transfer program, noting that Fannie and Freddie 'don't have enough capital to sustain a severe event.'
'It is important for us to continue to encourage the credit risk transfer program so that the taxpayers are not on the hook for any extreme events,' she said. 'We just believe that it is critical for enterprises, especially while they're under-capitalized, to continue to transfer credit risk away from the taxpayers and into the hands of private investors.'
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