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"One of the penalties for refusing to participate in politics is that you
end up being governed by your inferiors." - Plato
CALL TO ACTION - STOP
THE "HOUSING TAX"
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NAMB Call To Action - Stop the Tax on Housing
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I highly encourage everyone to take action IMMEDIATELY to urge their members
of Congress to contact Congressional leaders and the leaders of the Conference
Committee on H.R. 3630, the "Temporary Payroll Tax Cut Continuation Act of
2100," TODAY and tell them to reject any proposed increase to Fannie Mae and
Freddie Mac g-fees as well as any measure to increase Ginnie Mae's g-fee or
FHA mortgage premiums (either for single family or multifamily).
Our friends at MBA have learned that members of the Congressional leadership
are considering extending the 10 basis increase of the GSE g-fees to pay
for portions of the payroll tax cut, unemployment benefits, and Medicare
reimbursement legislation that the House and Senate are in the final stages of
negotiations over. As you may be aware, in December Congress paid for a
2-month extension of this legislation with a 10-year, 10 basis point increase
in the g-fee (and corresponding increase in FHA premiums).
Please forward this to your realtors, builders, title companies, your existing
borrowers, and anyone else related to the housing industry and tell them to follow
our Call To Action
Click here to contact your legislator and stop taxing homeowners and potential homebuyers in this country
Click here to write your congressman
Thank you for your time, energy, and effort to support your profession, small business, and consumer choice. Now, let your voice be heard!
Sincerely,
John
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We want to hear from our members (and non-members) continually as it helps us shape our policy and fight for originators. Please continue to email us questions, comments, concerns at
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