Broke Fannie Mae Paying Bank Fees

[From article]
"mostly-hidden government program called HARP to accomplish these restructurings. HARP stands for the Home Affordable Refinance Program.
[. . .]
But where, exactly, are the banks getting the money they are earning in these refinancings?
One bank that’s prominent in the home refinancing business says its fees are being paid by the government. Fannie Mae, to be exact.
[. . .]
Do I care that banks have found a way to make money? Or that homeowners are getting a nice deal from the government? Or that Fannie Mae, in its delicate situation, is giving away revenue to banks that have already been bailed out?
Sure, I care about all those things.
But I mostly care that nobody in Washington seems to know what the guy down the street is doing."

http://www.nypost.com/p/news/business/washington_new_refinancing_plan_twq08UakjAQwZraBwmdxXO

Washington’s new refinancing plan is actually old
John Crudele
New York Post
Last Updated: 1:16 AM, August 30, 2011
Posted: 11:34 PM, August 29, 2011