Replies to post #691470 on Fannie Mae-No Politics (FNMA)

[Ispro]

Thx Guido2

[Wise Man]

As always, wrong. The 10bp g-fee is charged during the life of the mortgage and it won't be a new fee but a continuation of the 10bp TCCA that expires at the end of this year. It has nothing to do with the one-time 50bp fee on refinancings that has been cancelled.
Both fees are illegal in the Fee Limitation clause in the Charter, regardless that the TCCA fee was approved in a law. It's still illegal.

[Louie_Louie]

Here's the thing though Guido, even if that stealth tax ever does end up paying down all these trillions and trillions of barrowed money in the next couple centuries, that tax will neve disappear...never ever. Once they get the taxpayer bent over, we never get to bend back. We're so far bent over on taxes they got us kissing our own feet. The way this administration is going, soon we'll all be able to kiss our own rears. Then maybe the next tea party.

[Donotunderstand]

Thank you