How Much is that Doggie in the Window?

FHFA yesterday made good on Mel Watt’s pledge to re-examine g-fees, putting LLPAs and delivery fees in play as well.  The request for views lays out the flexibility FHFA has to do what it wants with the fees, although the questions posed hint at possible realignment so that up-front fees for under-served sectors go down in concert with stabilized or even higher g-fees to compensate the GSEs for added credit risk and to promote capital retention.

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