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Fannie, Freddie to raise g-fees in April

The Federal Housing Finance Agency (FHFA) announced April 17 that it has determined that the guarantee fees (g-fees) that Fannie Mae and Freddie Mac charge lenders in exchange for insuring single-family mortgage loans should generally stay at their current level. However, the agency directed each firm to make targeted adjustments to its fees, including eliminating the upfront adverse market.

Fannie and Freddie do not originate mortgages but rather package loans from banks and mortgage lenders into mortgage-backed securities that are sold to investors. Last year, the FHFA set a goal of contracting Fannie and Freddie’s dominant presence in the mortgage market and set expectations that g-fees would continue to increase.

Fannie/Freddie Raise Mortgage Fees. Beginning on April 1, Fannie Mae follow in Freddie Mac’s footsteps and formally raise the fees that they charge lenders, which will almost certainly pass these fees on to borrowers. The bottom line is that for virtually all borrowers, obtaining a mortgage is set to become significantly more expensive. As.

To fulfill that mandate, FHFA directed Fannie Mae and Freddie Mac to raise guarantee fees by 10 basis points beginning in April 2012. Unlike other single-family guarantee fees, which are retained by Fannie Mae and Freddie Mac, the proceeds from this fee increase are remitted to the Treasury at the end of each quarter.

 · Fannie, Freddie to Raise Fees Fannie Mae and Freddie Mac will raise the fees they charge to guarantee single-family mortgages, beginning this fall, the Federal Housing Finance Agency has announced. The increase, which will average 0.1 percent of the loan amount (10 basis points), will go into effect on Nov. 1.

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Voice for Real Estate 33: G-fees, Condo Loans Fannie, Freddie to R aise G-Fees in April. The Federal Housing Finance Agency will increase guarantee fees on single-family mortgage-backed securities charged by the government-sponsored enterprises by 10 basis points effective April 1, 2012, in response to the new funding mechanism for the payroll tax cut extension passed by Congress.

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A separate proposal to lower the size of the loans purchased by Fannie and Freddie is also likely. what path Mr. Watt will take on the g-fees but if he effectively scraps the announced changes and.

This agreement could occur when Fannie and Freddie report fourth-quarter earnings or in conjunction with Treasury’s plan. He sees Mark Calabria being confirmed by the Senate in April, and expects.

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