TITLE

FHFA Guarantee Fee Plan Sets Bad Precedent

AUTHOR(S)
Rossi, Clifford
PUB. DATE
October 2012
SOURCE
American Banker;10/2/2012, Vol. 177 Issue 152, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Opinion
ABSTRACT
The article opines the U.S. Federal Housing Finance Agency's (FHFA's) plan to charge five states higher guarantee fees because their mortgage default rates are above the national level should not be implemented at the government-sponsored enterprises Fannie Mae and Freddie Mac. Topics include non-performing loan costs, estimation of mortgage losses, and the states affected by the FHFA's risk-based pricing plan to cover foreclosure cost differences.
ACCESSION #
82180614

 

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