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Volume 2014 - Number 34

September 11, 2014

Industry Groups Agree FHFA Should Dump Planned GSE Guaranty Fee Increase, For Varying Reasons

The Federal Housing Finance Agency should abandon its proposed increase in guaranty fees charged by Fannie Mae and Freddie Mac, according to a number of industry groups. The Mortgage Bankers Association said in a comment letter that it opposes hikes in g-fees and loan-level price adjustments, noting that g-fees have become attractive to Congress as cash cow means for funding non-housing programs. “Clearly, the GSEs were undercapitalized...

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