“Fees Charged by Fannie Mae & Freddie Mac?”

When the bailout was done for Fannie and Freddie, immediately when that was done, both increased the fees that consumers paid on their mortgages. All these fees resulted in higher rates to the consumer.

Fannie and Freddie have paid back all the bailout money and much of their profits are now going to the Federal Government coffers. So, why are these excessive fees still being charged? I can understand that both companies need to raise fees to raise additional revenues, but that has already been accomplished.

Fannie/Freddie had 3 years of losing money and every other year they were profitable, so they both have had decades of profitability at much lower fees that are being charged. This is just another way for our Government to tax the consumers, it is time to stop.

Both agencies need to be privatized and gotten out of the Government clutches.