NAR Letter to Full Senate Supporting S. 752, Senator Mike Crapo's G-fee Bill
Issue Date: March 01, 2016
US S 0752 - A bill to establish a scorekeeping rule to ensure that increases in guarantee fees of Fannie Mae and Freddie Mac sha
On March 1, 2015, NAR sent a letter to the full Senate.
The letter urges members to cosponsor S. 752, which would establish a scorekeeping rule to ensure that increases in guarantee fees (G-fees) of Fannie Mae and Freddie Mac will not be used to offset spending that increases the deficit. The legislation recognizes that diverting revenue from these risk-based fees both places an additional burden on the backs of homeowners and is bad public policy.