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Article: State Representative Michael Cunningham Opposes Proposed Housing Rule - Cites Possible Devastating Impact to Missouri Housing Market.
- Article from:
- Business Wire
- Article date:
- September 27, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JEFFERSON CITY, Mo. -- The following statement, attributed to Michael Cunningham, State Representative (MO District 145), is in response to the Federal Housing Finance Board proposed rule on excess stock restrictions and retained earnings requirements for the Federal Home Loan Banks.
"If passed, the proposed rule by the Federal Housing Finance Board could significantly impact the mortgage market in our community. Credit could become scarcer or more expensive. ...