Biting Six BPs
We will defer in-depth analysis of all of the Hensarling bill as is until we know whether it will come to the floor – and thus be significantly amended – later this week. We doubt it – Gary Miller’s public defection is just one symptom of tough negotiations now well under way to clear the bill for the floor. One reason we think this will be hard-fought is bits and pieces we find as we look at key sections of H. R. 2767. Today’s example: a little-noticed amendment to get rid of Ginnie’s 6 bps g-fee cap.
The full report is available to subscription clients. To find out how you can sign up for the service, click here