Fannie, Freddie to raise g-fees in April

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The Federal Housing Finance Agency (FHFA) said on Friday that Fannie and Freddie will lower guarantee fees for some borrowers and raise them for others. Separately, the government-owned enterprises.

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What would privatizing Fannie and Freddie mean for you? Fannie and Freddie will adjust guarantee fees in three ways. The ongoing annual g-fee will increase 10 basis points for all mortgages loans backed by Fannie and Freddie. The one-time upfront g-fee will be updated to better align pricing with the credit risks of borrowers such as the credit score and loan-to-value ratios.

Congress told Fannie and Freddie to add a 0.1 percentage point fee to the guarantee fees, which are paid by borrowers. That increase is set to expire in 2021. But now, Trump’s proposal would extend.

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 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.

The GSEs raised their fees by 10 basis points in April in order to pay for a tax cut passed by Congress in December. But before the enactment, the FHFA pledged to raise the fees through 2012 in order to allow private issuers room to compete. Do not expect banks or lenders to absorb this cost.

Watt on Wednesday announced the agency would review a planned increase. in so-called g-fees would have on the housing market and would provide four months’ notice before implementing any changes..

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