Randy Neugebauer: “What I would contend though is the 1.2 basis points on the portfolio is simply a tax on every mortgage that flows…”

“What I would contend though is the 1.2 basis points on the portfolio is simply a tax on every mortgage that flows through Fannie and Freddie. If you are taxing the profits on Fannie and Freddie as originally designed, you can make the contention that you are taxing the shareholders of Fannie and Freddie. But, with this design of the current bill before us, if, in fact, you believe in affordable housing, and encouraging more people into the middle class and moving people up, then what we need to do is ensure that we are not decreasing the affordability.”