Fannie, Freddie charge borrowers for feds’ tax cut

posted by
January 16, 2012
San Francisco Chronicle
by Kathleen Pender  
Posted in Commentary, LAND Commentary, PND Commentary

"Congress' idea to launder a tax increase through Fannie Mae and Freddie Mac is already costing borrowers. Just before Christmas break, lawmakers decided to pay for a two-month extension of the payroll tax cut and federal unemployment benefits by raising the guarantee fee that Fannie and Freddie charge on loans they buy by at least 0.1 of a percentage point. The fee normally stays with Fannie and Freddie (now majority-owned by taxpayers) to compensate them for the risk they take on loans they buy and guarantee." (01/15/12)  

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