Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Todays NYT: "Under the new pricing structure, mortgage borrowers with higher credit scores — and down payments of about 15 percent to just under 20 percent — saw fees climb the most, while those with lower scores and down payments had the most significant declines."

"But the specifics will vary based on your circumstances. Consider a borrower with a 740 credit score and a down payment of 20 percent. On a $300,000 mortgage, her upfront fee will rise to $2,625, or 0.875 percent of the loan, from $1,500, or 0.5 percent."

This is the kind of political policies that having government run GSE'S will mean so long as the federal government has 100% control of these 2 corporations.

"They'll NEVER go PRETEND PRIVATE AGAIN !" Jim Parrot August 2012