Rep. Waters to Mick Mulvaney: “I am writing to inform you that while your time running the Consumer Bureau may be over, the time for accountability for your actions is about to begin.”
Even a relatively modest increase in interest rates is likely to have a disproportionate impact on the ability of high debt-to-income households to qualify for GSE loans, according to a recent report by Wells Fargo Securities Structured Products Research.
The average guarantee fee charged by Fannie Mae and Freddie Mac was unchanged at 56 basis points in 2017, according to an annual report from the Federal Housing Finance Agency.
In what’s become a nearly annual event, the Congressional Budget Office this week suggested raising the guarantee fees charged by Fannie Mae and Freddie Mac, and/or lowering the loan limit, in order to reduce the federal deficit.