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"Rob, what do you hear about Fannie & Freddie g-fees being used. Covering up GSE solvency problems with risk transfers only makes Fannie Mae and Freddie Mac still more vulnerable to liquidity risk.
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– Raising "G-fees" is FHFA’s Way Of Loosening Up Lending In High Risk States Starting in 2013, the FHFA plans to increase G-Fees charged on single family mortgages. The charges are only to be increased in those states that have the highest rate of defaults.