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Congressmen: G-fees should be banned from use on federal spending

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Mortgage Professional America | 08 Feb 2017, 02:12 PM Agree 1
A Republican and a Democrat are taking another swipe at banning the government for using Fannie Mae and Freddie Mac guarantee fees for any federal spending unrelated to mortgages
  • Another Hit to the Cost | | 08 Feb 2017, 03:18 PM Agree 1
    Have fun getting G Fees to be used only for Mortgages. Anytime there is money involved someone will lobby for find a Special Interest meaning there own interest on how it should be used.
  • No No No Not Today | | 08 Feb 2017, 03:34 PM Agree 1
    It's time to hold our government up to its own standards. You can't talk about how bad the mortgage industry is and do these kinds of things to make mortgages more risky. What about government mortgage mortgages taking riskier credit these days also? Some of these mortgages could be more riskier than the no-income & no-assets mortgages made due to the economic conditions such as lack of rising incomes, lack of GDP growth, burdensome student mortgage debts, burdensome credit card debts, etc. These are some of the things that regulators could be proactive and work to help fix before they start to bubble and head towards another mortgage collapse. It's pretty easy to say you should have done this or that. It's much tougher to be held accountable for controlling the factors that you have control over.
  • A good idea | | 22 Feb 2017, 12:08 PM Agree 0
    When has the government ever stopped themselves from grabbing every dollar they could get their hands on?

    WE have to stop them. Look what the govt did to Social Security and the "distrust" fund it was supposed to be.

    It was all dumped into the general budget and pissed away. This is a good idea and I hope it becomes law.
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