Daily Archives: December 10, 2013

Link

FHFA Orders Fannie, Freddie to Raise Fees, Again

FHFA Orders Fannie, Freddie to Raise Fees, Again

The regulator for Fannie Mae and Freddie Mac on Monday directed the two housing finance giants to raise fees for all loans in an effort to bring private capital back into the mortgage market and better reflect the credit risks of borrowers.

The Federal Housing Finance Agency ordered Fannie and Freddie to increase charges known as guarantee fees, or g-fees, that are embedded in the cost of home loans to protect investors from losses.