| Jan 4, 2012 10:27AM As part of the temporary resolution to the recent battle over the Tax Cut Extension that took place in the last weeks of December, Congress decided that mortgage borrowers should foot part of the bill. Technically, Congress increased the "Guaranty Fees" that Fannie Mae and Freddie Mac charge to lenders that securitize MBS (Mortgage-Backed-Securities) with the Agencies, but ultimately, this cost must either be absorbed by lenders, passed on to consumers, or some combination of the two. From the official... Jan 4, 2012 5:41PM In a letter to the chairs and ranking members of the Senate Banking and House Financial Services Committees on Wednesday, Federal Reserve Chairman Ben S. Beranke said " Restoring the health of the housing market is a necessary part of a broader strategy for recovery. " The letter accompanied a white paper developed by the Fed which Beranke called a "framework for thinking about certain issues and tradeoffs that policymakers might consider." In its opening pages the white paper titled The U.S. Housing...
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