Department of the Treasury

Hike the G-Fee (Like a G6 – Far East Movement) 

Russell Middleton trades mortgage bonds for JPMorgan Securities. He disseminates a daily email blast that’s often funny, usually punny and sometimes written in stanzas. One of the things Friday’s white paper from the Treasury Department called for was an increasing to the “G fees,” or the premiums Fannie Mae and Freddie Mac charge borrowers to back principal and interest payments to agency mortgage-backed securities investors.