Volume 2014 - Number 17
May 2, 2014
Johnson-Crapo Legislation Likely to Increase Fannie, Freddie Guaranty Fees, According to GSE Analysis
The housing finance reform legislation authored by Sens. Tim Johnson, D-SD, and Mike Crapo, R-ID, will result in higher guaranty fees and less cross-subsidization than the current Fannie Mae and Freddie Mac fee structure, according to the government-sponsored enterprises. The Johnson-Crapo bill, which was abruptly pulled from a scheduled markup before the Senate Banking, Housing and Urban Affairs Committee this week, would establish a new type of MBS with an explicit government backstop that requires private capital to absorb the first 10 percent of losses. “There is...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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