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Government Sponsored Enterprises (GSEs)

Fannie Mae and Freddie Mac play a key role in the secondary mortgage market, which is crucial in providing capital for mortgage lending. Without the GSEs and FHA-insured loans, that currently constitute nearly 90% of the market space, there would be almost no capital available for mortgage lending. This would severely restrict, if not curtail, home sales and any supporting ancillary home sales services.

July 24, 2015
On July 21, 2015, NAR along with 8 banking and housing trade groups urged Senate Majority Leader Mitch McConnell and Senate Minority Leader Harry Reid to prevent Fannie Mae and Freddie Mac’s guarantee fees (g-fees) from being used as a source of funding for the extension of transportation programs.
April 24, 2015
On April 17, 2015, the Federal Housing Finance Agency announced its review of guarantee fees and loan level pricing adjustments.
April 17, 2015
U.S. Senate Banking Committee held a hearing entitled, “Regulatory Burdens to Obtaining Mortgage Credit.” Chris Polychron, 2015 NAR President and executive broker with 1st Choice Realty in Hot Springs, AR, testified on behalf of NAR.
April 17, 2015
Fannie Mae announced a new program that offers 3% in closing costs assistance for first time homebuyers that purchase Fannie Mae REO properties.
March 20, 2015
On March 17, 2015, NAR wrote to Reps. Carney, Delaney, and Himes, thanking them for introducing the “Partnership to Strengthen Homeownership Act."