Federal Housing Administration officials are not concerned about losing market share if the new affordable housing goals push Fannie Mae and Freddie Mac further into the home-purchase loan market."I worry about FHA every day," FHA Commissioner John Weicher said. "But I don't really worry about the GSEs' coming in and taking our business." Under a proposal by the Department of Housing and Urban Development, the two government-sponsored enterprises would have to increase their acquisitions of low- and moderate-income loans and lead the market in terms of home-purchase loans. Several lender and housing groups have expressed concerns that the AH goals could undermine the FHA program, which is very effective in serving first-time and minority homebuyers. Mr. Weicher told reporters that concerns about the FHA's demise have been circulating for three decades, yet it remains financially strong and profitable.

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