A leading trade group in the mortgage industry has voiced strong opposition to Freddie Mac’s proposed entry into a market that they feel is already adequately served by private-sector community banks. The group argues that this move would introduce unnecessary competition and disrupt the current balance of market dynamics.

Key points from the text include:
– Trade group opposes Freddie Mac’s plan to enter a market
– Market in question is already well served by private-sector community banks
– Concerns raised about introducing unnecessary competition
– Potential disruption to current market dynamics cited as a major issue by the trade group

You can read this full article at: https://www.housingwire.com/articles/icba-voices-opposition-to-freddie-mac-second-mortgage-product/(subscription required)

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