TITLE

USMI Submits Comment Letter to FHFA on G-Fees

PUB. DATE
August 2014
SOURCE
Insurance Broadcasting;8/15/2014, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the submission of a comment letter by the technical expertise firm United States Marine, Inc (USMI) to the U.S. Federal Housing Finance Agency (FHFA) request for input (RFI) related to the guarantee fees (g-fees) that American government-sponsored enterprise Freddie Mac and Fannie Mae charge to lenders. According to the response of FHFA, g-fees fails to take account of risk-reducing benefits of private mortgage insurances due to which consumers are put into credit risk.
ACCESSION #
97551330

 

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