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One of the things we have failed to realize, is how the actions we do can be counterproductive. Before the crash, they were making it easier and easier to get a mortgage. The problem was that prices were going up and up and what goes up must come down. That would have been the time to make lending more restrictive.
Then when market started going down and down, they became so restrictive that no one could buy a house. Well that just made things worse. Now it sounds like people are thinking that it would be a good idea to raise the G-fees. Keep in mind the whole industry is kept from dying completely by the Fed buying mortgages and keeping rates down. Higher G Fees will equal higher rates, at some point the Fed will have to say, well then it no longer needs to support this industry. At the same time the higher rates will end up undermining the home prices, which are the collateral for mortgages. I understand they want to increase income, why can't they get how counterproductive this is to that end? This could lead to a drop in income.
Really rates have gone up, fees have gone up and overall that has resulted in a less business and undermined the market. YOU WANT TO RAISE THEM MORE?