FHFA delays inevitable g-fee hike

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 · While the g-fee hike would not have been that dramatic, the sudden accumulation of pricing changes would have had a definitive impact, but the g-fee hike alone would not have created a giant rush.

A statement released today by the FHFA directed Fannie and Freddie to delay the implementation of the ongoing base G-Fee hike of 0.10% for all loans as well as the changes to the upfront G-fee.

FHFA delays inevitable g-fee hike FHFA seeks comments on proposed g-fee hikes | NAFCU – June 6, 2014 – The Federal Housing Finance Agency is requesting comments on its proposed increases to guarantee fees, or g-fees, charged by government-sponsored enterprises Fannie Mae and Freddie Mac – a change NAFCU opposes.Under the plan, FHFA would increase the g-fees by 10 basis points across.

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Last month, FHFA announced that it had directed Fannie Mae and Freddie Mac to increase guarantee fees on all mortgages they purchase by ten basis points, to update their upfront g-fee charges to better align them with borrowers’ credit risk, and drop the upfront adverse market fees for mortgages in all but four states.

The FHFA has already more than doubled the g-fees Fannie and Freddie charge since they were placed into conservatorship in 2008. Watt was confirmed by the Senate to head the FHFA on Dec. 10 and is scheduled to be sworn-in on Jan. 6. His decision to delay the g-fee increases.

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FHFA Will Delay G-fee Hike The Federal Housing Finance Agency announced Jan. 8 that it is delaying plans to raise base guarantee fees by 10 basis points for mortgages backed by Fannie Mae and Freddie Mac, HousingWire reported.

Incoming FHFA director Mel Watt has announced he will delay the hike in Fannie and Freddie guarantee fees. The FHFA this month announced it would increase guarantee fees by an average of 11 basis.

Watt to Examine and Delay GSE G-Fee Rate Hike.. The FHFA has announced that it has directed Fannie Mae and Freddie Mac to delay implementation of these changes. FHFA Director Melvin L. Watt, who was sworn in as Director on Jan. 6, said that he intends to conduct a thorough evaluation of the.

The Federal housing finance administration today officially announced that it would delay the implementation of guarantee fee hikes originally slated to take effect in March and April.