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July 11, 2014 – The NAFCU regulatory affairs team needs members' input today on possible increases in Fannie Mae and Freddie Mac guarantee fees.

NAFCU is putting together a response to the Federal Housing Finance Agency's request for information about g-fees to determine the optimum level of any increases to both protect taxpayers and minimize the impact on mortgage credit availability. NAFCU requested members' input in Regulatory Alert (14-EA-13). Comments are due to FHFA on Aug. 4.

FHFA proposed an increase to the base g-fee level last year, but the agency's new head, Director Mel Watt, suspended the implementation of the changes until an investigation into their potential consequences was completed. NAFCU is asking what FHFA should consider in setting g-fee levels, and whether decreasing or increasing g-fee levels would be helpful, among other things.

NAFCU is also requesting comments on the following:

• NCUA's proposed rule revisions on appraisals (14-EA-15) by Aug. 4 (comments are due to NCUA Aug. 25); and
• CFPB's request for information on mobile financial services (14-EA-14) by Aug. 13 (comments are due to CFPB Sept. 10).