| Sep 11, 2012 1:51PM Guarantee fees (G-fees) are likely to continue the pattern of gradual increases initiated since Freddie Mac and Fannie Mae were placed in conservatorship. Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency told an audience at the American Mortgage Conference in Raleigh, North Carolina yesterday that the steady increases, over time, should gradually reduce taxpayers' risk from the financial support they provide to the two government sponsored enterprises (GSEs). Risk, however... Sep 11, 2012 3:40PM The House passed the Federal Housing Administration Fiscal Solvency Act Tuesday by a vote of 407 to 7. The act, as introduced by Representative Judy Biggart (R-IL) authorizes the Department of Housing and Urban Development (HUD) to establish and collect additional annual premium payments for the first 11 years of the term of an insured mortgage in an amount between 0.55 percent and 2 percent of the remaining insured principal balance for certain periods. It also increases for 1.55 percent to 2.05...
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