Mortgage industry observers increasingly argue that Fannie Mae and Freddie Mac should be regulated as utilities. But conservative critics say, “Not so fast.”

FHFA says it has not “extended” the fee because it never announced an end date. Nevertheless, it will review the financial situation in October.

Although the enterprise did not reach FHFA’s benchmark for low-income re-finance mortgages, it’s not exactly in the regulatory doghouse.