Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Congress already grabbed this cash from American homeowners for the next 10 years in one of the infrastructure bills: "The GSEs should support a restorative justice homeownership fund that should be initiated
administratively using the value of stock interests described above, and other possible funding, such as a
proposal to repurpose an existing GSE fee that was used to pay for the 2010 payroll tax and is scheduled
to expire in October 2011.80"

80 In the Temporary Payroll Tax Cut Continuation Act of 2011, Congress imposed an annual 10-basis point fee on new single-family
mortgage purchases as a pay-for for the extension of the payroll tax cut. Once this fee expires in October 2021, the proceeds from
this fee could be directed to other purposes. Rather than letting the statutory obligation expire, there are proposals for Congress to
extend it in permanently and direct the funds to affordable housing programs.