GSE Investor Group Wants FHFA to Hike G-Fees
Inside Mortgage Finance - June 19, 2014 - June 19, 2014
Inside Mortgage Finance
June 19, 2014, By Charles Wisniowski
A coalition of investors in Fannie Mae and Freddie Mac stock wants the Federal Housing Finance Agency to increase the guaranty fees that the two charge their seller-servicers, a position that lenders won’t be too thrilled with.
In a comment letter to FHFA Director Mel Watt, Investors Unite Executive Director Tim Pagliara urged the agency to take into account “the critical purpose of setting appropriate guaranty fees,” noting that the Finance Agency does not have a mandate (as conservator) to manage Fannie and Freddie as not-for-profits. Pagliara is also chairman and CEO of CapWealth Advisors.
Read Full Article: GSE Investor Group Wants FHFA to Hike G-Fees