Fannie, Freddie to raise g-fees in April

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The net sum is the level of Fannie and Freddie’s guarantee fees that the FHFA is required to establish. The law also further requires the FHFA to report to Congress on how Fannie and Freddie’s g-fees "met the requirements" of the statute, that is, how they included the cost of capital of regulated private banks.

The federal takeover of Fannie Mae and Freddie Mac was the placing into conservatorship of the government-sponsored enterprises (GSEs) Federal National Mortgage Association and Federal Home Loan Mortgage Corporation (Freddie Mac) by the U.S. Treasury in September 2008. It was one of the financial events among many in the ongoing subprime mortgage crisis.

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The Federal Housing Finance Agency (FHFA) has announced that it has directed Fannie Mae and Freddie Mac to raise guarantee fees (g-fees) on single-family mortgages by an average of 10 basis points..

Fannie Mae refers to upfront fees as “loan level pricing adjustments,” while Freddie Mac.. If the Enterprises' guarantee fees rise relative to the prices of these. for all loans by 10 basis points effective with April 2012 deliveries.11. In August.

To fulfill that mandate, FHFA directed Fannie Mae and Freddie Mac to raise guarantee fees by 10 basis points beginning in April 2012. But there have been more g-fee increases that haven’t been made.

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Fannie Mae and Freddie Mac have a limit on the maximum sized loan they will guarantee. This is known as the "conforming loan limit". The conforming loan limit for Fannie Mae, along with Freddie Mac, is set by Office of Federal Housing Enterprise Oversight (OFHEO), the regulator of both GSEs.

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.

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. effect on March 1 for loans sold for cash and on.

 · Calabria says new legislation is not needed to get Fannie and Freddie out of conservatorship.Calabria will work with Treasury later this year to help Fannie and Freddie raise new money so that FHFA ca