The Senate over the weekend added a guarantee fee increase for Ginnie Mae MBS to the payroll tax bill, passing the measure by an overwhelming margin of 89-10.

The language was added to the bill after heavy lobbying from the mortgage insurance industry which feared that a 10 basis point g-fee hike for Fannie Mae and Freddie Mac MBS would tilt the market toward Federal Housing Administration (FHA) loans. (The final bill now includes g-fee hikes for all three: Fannie, Freddie and Ginnie.)

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