HousingWire – Jacob Gaffney The Federal Housing Finance Agency announced the expected rise in the guarantee-fees charged to do mortgage business with Fannie Mae and Freddie Mac. The fees will go up gradually throughout the course of 2014. The base g-fee, or ongoing g-fee, for all mortgages will increase by 10 basis points, the FHFA said.
· Fannie Mae () rises 2.1% and Freddie Mac (OTCQB:FMCC +2.1%) gains 2.1% after the Wall street journal reports that the head of the Federal Housing Finance Agency plans to.
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The logical next step in the conservatorship of Fannie Mae and Freddie Mac is to gradually increase the companies’ guarantee fees to reflect what would be anticipated in a private market, Federal.
Fannie, Freddie to raise g-fees in April. The congressional budget office estimated the g-fees would offset about $35.7 billion in the costs of the tax cut. mortgage bankers association ceo david stevens said the increase could mean an extra $4,000 in fees on a $200,000 mortgage. Write to Andrew Scoggin . Follow him on Twitter @ascoggin.
· Fannie, Freddie to raise g-fees in April. The Congressional Budget Office estimated the g-fees would offset about $35.7 billion in the costs of the tax cut. Mortgage Bankers Association CEO David Stevens said the increase could mean an extra $4,000 in fees on a $200,000 mortgage. Write to Andrew Scoggin . Follow him on Twitter @ascoggin.
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.
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Warner said a new director might raise fees. to do with Fannie and Freddie but is still in the early stages of developing a plan, according to people familiar with the talks. Treasury Secretary.
Contents radar logic corelogic: negative equity props Leonard. $135.. vincent panchuk. $25 Housing finance agency (fhfa) announced april FHFA’s g-fee calculation ignores the law | American Banker – The net sum is the level of Fannie and Freddie’s guarantee fees that the FHFA is required to establish.
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