Articles Tagged with ''guarantee fees''

Top trade organizations support barring use of Fannie, Freddie g-fees for federal spending

Mortgage bankers, Realtors, mortgage insurers, others support bill
A consortium of the housing industry’s top trade organizations declared their collective support for an ongoing effort in Congress to permanently bar the use of funds raised from Fannie Mae and Freddie Mac’s guarantee fees to cover federal spending in areas not related to mortgages. Here's the skinny.
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New legislation would permanently bar using Fannie, Freddie g-fees for federal spending

New bill would extend moratorium into perpetuity
For much of last year, Congress engaged in a fight over the potential use of funds raised from Fannie Mae and Freddie Mac’s guarantee fees to cover federal spending. New legislation introduced this week in the House of Representatives would ensure that a fight over the use of g-fees to fund federal spending will never happen, by permanently banning the use of g-fees as budgetary offsets.
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Crapo fights against using Fannie, Freddie fees for Federal infrastructure costs

Controversial g-fee pay-for already overwhelmingly defeated in House
Despite being overwhelmingly defeated in the House of Representatives, the Senate is still considering a controversial spending mechanism that would see the fees charged by Fannie Mae and Freddie Mac to guarantee loans go to pay for new roads. But one Senator is urging his colleagues to consider the implications of using g-fees to offset the cost of a Federal highway bill.
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Fannie, Freddie fees likely won’t fund new roads

Controversial g-fee pay-for removed from House transportation bill
The fees charged by Fannie Mae and Freddie Mac to guarantee loans will likely not go to pay for new roads, after the House of Representatives voted overwhelmingly to remove a controversial portion of a massive transportation bill that would have used g-fees to offset the cost of the bill.
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NAMB to Congress: New TRID forms should disclose g-fee costs

Homebuyers should see fees that "in no way benefit them"
The Association of Mortgage Professionals says the Consumer Financial Protection Bureau’s new Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures rule, doesn’t disclose enough and says homebuyers are entitled to know where all the money they pay to buy a home is going.
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Crapo, Warner urge Congress not to use Fannie, Freddie fees for federal spending

Senators fight against using g-fees to pay for highway bill
Reaffirming their position that the fees charged by Fannie Mae and Freddie Mac to guarantee loans should not be used to fund federal spending, Sen. Mike Crapo, R-Idaho, and Sen. Mark Warner, D-Va., sent a letter to the Senate leadership, asking them to reconsider the use of g-fees to offset the cost of a massive transportation bill.
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