MBA Commends Agreement on Transportation Bill Without G-Fees

MBA Commends Agreement on Transportation Bill Without G-Fees

WASHINGTON, D.C. – December 02, 2015 – (RealEstateRama) — David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), issued the following statement commending the House and Senate conferees and leadership for not increasing Fannie Mae and Freddie Mac’s guarantee fees, or g-fees, as a “pay for” in the transportation bill.

“MBA commends the House and Senate conferees and leadership for reaching agreement on a multi-year transportation bill without taxing homeowners via an extension of higher Fannie Mae and Freddie Mac guarantee fees. MBA will continue to advocate vigorously on this issue and on behalf of policies that both ensure a healthy real estate market and empower consumers with affordable, sustainable housing choices.”

CONTACT
Rob Van Raaphorst

(202) 557- 2799

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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