Congress has already approved of raising Fannie Mae and Freddie Mac guarantee fees to support non-housing related initiatives once before. Now, lawmakers are contemplating the use of GSE guarantee fees to fund student loan relief.
In response to this, officials from Nationwide Title Clearing sent a release asking Congress not to “raid the real estate piggy bank.”
“We oppose Congress raising Fannie Mae and Freddie Mac’s guarantee fees to pay for spending on unrelated programs,” said John Hillman, NTC’s CEO. “This is Congress’s indirect way to….
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