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Tag Archives: G-fees

House Votes to Eliminate G-Fee Use to Fund DRIVE Act

The U.S. House of Representatives voted on Thursday to pass an amendment eliminating the use of guarantee fees on mortgages backed by Fannie Mae and Freddie Mac to fund a controversial $47 billion transportation bill known as H.R. 22, or the Developing a Reliable and Innovative Vision for the Economy Act.

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FHFA Directs GSEs to Increase Guarantee Fees

As part of its "Strategic Plan for Enterprise Conservatorships," the Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to bring up their guarantee fees (g-fees). Based on the GSEs' loan purchases in Q3 2013, FHFA expects the announced changes to the g-fee structure to produce an overall average g-fee increase of approximately 11 basis points, which represents an average increase of 14 basis points on a typical 30-year mortgage.

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