A day after the Federal Housing Finance Agency announced that more guarantee-fee hikes are on the way, the president of the nation’s largest mortgage trade group said he is asking Congress to prevent using g-fee money to pay for “unrelated policy items,” including immigration.

In a press statement, David Stevens, president of the Mortgage Bankers Association, said the industry is asking “Congress to reconsider the approach of using guarantee fees for anything other than their intended purpose. Increasing the cost of most mortgages will only add to the uncertainty that is plaguing the mortgage market and holding back a more a robust housing recovery.”

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