The House Financial Services Committee hosted a panel featuring Edward J. DeMarco of the Housing Policy Council and NAR President Kenny Parcell discussing loan-level price adjustments used by Fannie Mae and Freddie Mac and their impact on the mortgage marketplace.
Read More »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.
Read More »Fannie, Freddie Directed to Postpone G-Fee Changes
The Federal Housing Finance Agency (FHFA) announced Wednesday that it has directed Fannie Mae and Freddie Mac to delay implementation of planned changes to their guarantee fee (g-fee) structure.
Read More »Watt: FHFA to Delay G-Fee Hikes
Rep. Mel Watt (D-North Carolina) is already making waves with an announcement that he plans to delay an imminent increase in guarantee fees (g-fees).
Read More »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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