The Government Giveth And The Government Taketh Away, All At Once? So Where Is The Gain?

I just heard that FHFA (Federal Housing Finance Agency) has implemented a hike to the Fannie Mae/Freddie Mac guarantee fee. This is the fee that the GSE’s (Government Sponsored Enterprises) which are now actually GOE’s (Government Owned Enterprises) pays to the government for their backing. They raised this fee to pay for the Temporary Payroll Tax Cut, signed by President Obama! The announcement said specifically: Read the rest of this entry »