Despite early criticism of Senate plans to use the 10-basis-point g-fee to help pay for a bipartisan infrastructure bill, industry groups have been more muted since the text of the bill became public.
Wertheimer’s replacement previously served as chair of CIGIE, the independent agency that excoriated the departing IG for fostering a culture of intimidation.
As the first Senate-confirmed head of domestic finance in nearly a decade, the former Fed economist could play a vital role in renegotiating the PSPAs between Treasury and FHFA.
Fannie and Freddie are likely to have raked in more than $5 billion combined in adverse market fees on refinances before FHFA Acting Director Sandra Thompson decided to shut the program.