Washington Report

Advocacy Updates from Washington D.C.

NAR Joins Coalition Opposing Use of G-fees to Fund Infrastructure Bill

NAR joined a coalition of housing and mortgage finance associations and entities who wrote Senators Rob Portman and Kyrsten Sinema voicing opposition to the use of Fannie Mae and Freddie Mac's (GSEs) guarantee fees (g-fees) to pay for an infrastructure bill. G-fees at the GSEs are used to cover the cost of expected and unexpected losses, operational costs and the costs of running charter-related programs.

NAR's policy opposes the use of g-fees for non-housing investments and using the fee as a tax on middle-income ownership. However, NAR supports the use of g-fees to fund the operations and charter duties of the GSEs and if necessary, broader housing investments. These investments should be non-political and outside the influence of the GSEs.