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McHenry, Davidson Applaud FHFA Reversing Course on Fee Changes in Response to Republican Concerns

Press Release

Date: May 10, 2023
Location: Washington, DC
Issues: Finance and Banking Housing and Property

"It's encouraging to see the FHFA listen to my call to rescind its unworkable debt-to-income ratio-based fee,"

"It was clear from the outset that this upfront fee would hurt future mortgage borrowers. As the Chairman for the Subcommittee on Housing and Insurance, I am committed to an efficient mortgage market and avoiding the FHFA's recent distortions is important to preserve market integrity. It's imperative that we continue to push the FHFA to reassess and repeal their other agenda items that hurt credit-worthy borrowers."


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