Special Update: GSE Fee Increases to be Delayed

2017-12-20T17:34:12+00:00 December 23rd, 2013|Categories: Special Update|Tags: , , , , , , , |

Over the weekend, incoming FHFA Director Mel Watt stated that as soon as he is sworn in, he intends to delay the implementation of the loan-fee increases as were recently announced by outgoing Director Edward DeMarco.  It is believed that the delay will cover increases to both the guaranty fee and the loan level price adjustments.  It was not clear if Watt’s announcement meant he will also delay DeMarco’s planned elimination of the .25% Adverse Market Delivery Charge (for all but four states).  Watt said he needs time to “evaluate fully the rationale for the plan".

Special Update: G-Fee Increases – Update 12.29.11

2017-12-20T17:34:14+00:00 December 29th, 2011|Categories: BlogTalkRadio Podcasts, Special Update|Tags: , , , , , , , , , , |

                                                                                                                                                                                               FHFA has answered a couple of the questions we raised on Tuesday regarding the Congressionally mandated increase in Fannie Mae and Freddie Mac guarantee fees (G-fees).  Effective April 1st all G-fees charged by Fannie and Freddie will be increased by 10 basis points.   In addition, FHFA said that during the first part of 2012 they will determine whether the new law will require additional increases in the G-fees.   Since G-fees are paid from the interest on a loan, this increase will cause mortgage rates on loans going into Fannie and Freddie mortgage-backed securities after April 1st to rise by a similar amount.