The National Association of Realtors (NAR) has joined nearly 35 real estate industry trade groups in writing U.S. Senate and House leadership against raising guarantee fees charged by the government-sponsored enterprises (GSEs).
Guarantee fees are intended to cover the credit risk and other costs that the GSEs incur when they acquire single-family loans from lenders.
Read on to learn who NAR, the American Bankers Association (ABA), Credit Union National Association (CUNA) and Mortgage Bankers Association (MBA) believe would be the unintended consequences of raising G-fees to cover Fannie Mae and Freddie Mac credit risks.
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