Comment Detail
Date: 06/05/14 First Name: Paul Last Name: Martin Email: paul.martin@firstcitizensonline.com Organization Type: other Organization: First Citizens Bank Comment
The Guarantee fees are too high currently and an additional .10 in fee will have an adverse effect on mortgage pricing offered to borrowers. The current issue facing borrowers and the real estate market is affordability which is based on both home prices as well as mortgage rates offered in the market. Wtih no GSE wind down and a tepid private market, increasing mortgage rates will keep home prices from recovering. I want to see FHFA use it's regulatory power to lowr these fees in order to help return the mortgage and housing market to 'normal' so that the economy can continu to recover instead of implementing a policy that In my opinion will do the opposite.
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