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  • Comment Detail

  • Date: N/A
    First Name: Jason
    Last Name: Nolan
    Email: jason@michiganmortgagesolutions.com
    Organization Type: other
    Organization: Michigan Mortgage Solutions

  • Comment

    The proposed fee hikes are excessive and will further constrain the availability of credit in the marketplace. Additionally, as proposed, those fee hikes will tend to drive borrowers back towards FHA financing, which will become more attractive by comparison. Arguably, FHA financing more directly exposes the government to risk than FNMA and FHLMC. Continued vigilance in underwriting practices and valuation tools are the best way to mitigate risk to the government, not add on fees that only serve to limit the pool of available borrowers.