My concern involves the "what ifs" that could see FHFA alter the fee basis, or keep it long beyond the ostensible period that recoups the $6 B that, in itself, may be a totally bogus amount.
Worse, after years of GOV pillaging the GSEs it now seems possible or even likely that FHFA is moving to add a new swamp to its repertoire by adding levies against borrowers that have nothing to do with the monetary issue they are being required to fund.
If FHFA is implementing a defacto exaction from refi borrowers, what's to say they won't keep taking more and more from FnF shareholders. Something stinks.
NO BUENO!
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