Senators Introduce Bill To Prohibit G-Fee Hikes Being Used For Spending

A bi-partisan group of Senators has introduced legislation that would prohibit any increase in the guarantee fees levied by Freddie Mac and Fannie Mae (the GSEs) from being used to offset other government spending. The bill would also restrict the sale of stock in the two companies currently held by the U.S. treasury from being sold without congressional approval. The bill entitled Jumpstart GSE Reform Act was introduced by four members of the Senate Banking, Housing, and Urban Affairs Committee...

Blackstone Buying $100M Single Family Homes per Week; LO Comp Plan Impact Default Rates? MBA Compliance Classes and QRM Update

Happy Pi Day (3.14) and speaking of pie (I know, a weak transition), if you think the U.S. government is knee-deep in the mortgage business check this out: the US Department of Agriculture is considering buying 400,000 tons of sugar to help provide support to sugar processors . The action is aimed at supporting falling sugar prices - whatever happened to free markets? 400K tons would allow the government to make 142 billion Hershey Kisses. Thanks to Kevin K. for passing this appraisal, legal, and...

• MBA Applauds Bill to Clarify QM Points and Fees
• Foreclosure Inferno Contained, but Dangerous Flare-ups Still Popping Up: RealtyTrac
• FHFA OIG Looks at Freddie Mac's 300089.2B Lehman Brothers Loss
• MBS RECAP: Big Rally (Back to Unchanged)
• Mortgage Rates Fall Back To Unchanged After Morning Weakness
• MBS MID-DAY: Sideways At Weaker Levels

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Around the Web

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• Treasury's Lew to CNBC: No Reason to Worry About Market Bubble
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• Securitization Group Takes First Public Action Since Defections

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Today's Comments

	"I see $8,000+ seller credit if using the builders lender - that's not built into the price? You're a fool if you think for a second that it isn't..."
	"In our current regulatory environment, I am surprised the affiliate model has lasted this long. I don't see a long shelf life for practices as they..."
	"I certainly respect the risk and investment a builder makes - with very little certainty and assurance a transaction will close - but coercing buyers ..."

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