The National Association of Realtors this week asked the regulator of Fannie Mae and Freddie Mac to lower the MBS guarantee fees charged by the two government-sponsored enterprises, citing lower corporate tax rates ushered in under the Tax Cuts and Jobs Act.
Bill Maloni, a retired Fannie executive who’s been tracking the reform debate for years, believes the Corker bill, if enacted as is, eventually will place the secondary market in the hands of the megabanks.