Comment Detail
Date: N/A First Name: Brian Last Name: Bates Email: bbates@wilsonmuirbank.com Organization Type: other Organization: Wilson & Muir Bank & Trust Company Comment
Increasing G fees in our fragile stage of housing market recovery will make credit less available and further delay our economic rebound. The GSE's by virtue of an improving economy, stronger loan quality and significant settlements from those who caused the financial crisis have repaid their debt and have a stable foundation for the future. The impact of higher G fees plus the cost of making a loan in burdensome Dodd Frank area is likely to drive more community banks to cease mortgage lending.
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