New FHFA Director Watt Delays DeMarcos Planned MBS Fee Hike, Private Capital Remains Crowded Out
January 10, 2014
Some lawmakers and non-agency interests are not happy with new Federal Housing Finance Agency Director Mel Watts move this week to delay a planned 10 basis point increase in the government-sponsored enterprises MBS guaranty fees. Two days after he was sworn in to a five-year term as FHFA director, Watt followed through on a promise he made late last month to delay then FHFA Acting Director Edward DeMarcos announced 10 bps g-fee hike. Watt promised sellers at least 120 days before implementing any changes. The g-fee increase was set...