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Current GSE Guarantee Fees Are Too Low to Be Consistent with Regulatory Capital: Does This Mean a Large Increase Is Coming?

The Stoop (NYU Furman Center)

The FHFA just recently announced the last such cross-subsidy changes in January 2023. In this case, that means that primary market lenders, a very important constituency in the U.S. 24 (In addition, more recently, an increasingly complex system of cross-subsidies has been embedded in G-fees, intending not to change the average.

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