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  • Comment Detail

  • Date: N/A
    First Name: Stephen
    Last Name: Piper
    Email: steve.piper@americanmortgage.com
    Organization Type: other
    Organization: American Mortgage Servcie Co

  • Comment

    I am basing my opinion on this topic on the assumption that the book of business purchased by the GSEs over the past 5 - 8 years is the best performing business in many years. Consumers are already paying higher rates that they should due to the increased gfees currently being charged on this good quality. The GSEs are profitable, taking on less risk than in the past, so the fees should not be increased and in fact, should be reduced.

    We should be looking at the continuation of quality loans as long as we do NOT lower our standards of what qualifies as prudent underwriting. If anything, lending standards are still too liberal. Keep the qualify and lower the fees. Thanks