Fannie Mae and Freddie Mac will begin raising the fees they charge lenders for guarantees on mortgage loans next year. According to the companies’ regulator, it’s a step towards readying the market for private-sector reinforcements and weaning the nation’s housing sector off of low-cost government support. DeMarco says it ought to be clear at this point that the two mortgage giants will not be able to emerge from conservatorship. He argues that more progress should have been made on housing finance reform by now.
DSNews.com Article Feed