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Former Morgan Stanley exec has nearly 30 years of risk management experience.
Homebuyers anticipate price declines while potential home-sellers won't give up their lower mortgage rates.
The committee will focus on FHFA’s regulated entities like Fannie Mae, Freddie Mac & Federal Home Loan Banks.
Fannie Mae predicts mortgage originations continue to drop below 2019 levels.
Both Fannie & Freddie are sufficiently capitalized, FHFA says.
Cissy Yang, an experienced financial services executive, will lead the GSE’s audit strategy.
