MBA Commends Agreement on Transportation Bill Without G-Fees
|Rob Van Raaphorst|
|(202) 557- 2799|
WASHINGTON, D.C. (December 1 2015) - David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), issued the following statement commending the House and Senate conferees and leadership for not increasing Fannie Mae and Freddie Mac's guarantee fees, or g-fees, as a "pay for" in the transportation bill.
"MBA commends the House and Senate conferees and leadership for reaching agreement on a multi-year transportation bill without taxing homeowners via an extension of higher Fannie Mae and Freddie Mac guarantee fees. MBA will continue to advocate vigorously on this issue and on behalf of policies that both ensure a healthy real estate market and empower consumers with affordable, sustainable housing choices."