Watt: No changes in g-fees, loan-level price adjustments

Federal Housing Finance Agency Director Mel Watt told NAFCU and others on Monday not to expect any changes in the level of guarantee fees or loan-level price adjustments, stating that the two "continue to strike the right balance." Watt was responding to a letter sent jointly by NAFCU and 24 other trade associations urging him to further reduce or eliminate loan-level price adjustments charged by Fannie Mae and Freddie Mac because the costs are often passed along to consumers through higher mortgage credit prices. ...(read more)

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