Raise Fannie Mae’s and Freddie Mac’s Guarantee Fees and Decrease Their Eligible Loan Limits. Taking both approaches together would lower federal subsidies for Fannie Mae and Freddie Mac by $6 billion from 2017 through 2026 and would result in a drop in new guarantees of about 25 percent, according to CBO’s estimates.
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.
· WASHINGTON (4/15/15)–The Federal Housing Finance Agency (FHFA) is likely announce its decision on fees that will be charged on Fannie Mae and Freddie Mac-backed mortgages, according to a report from Politico (April 13). fhfa director mel Watt suspended an increase in fees when he took office in early 2014.
Prsident Trump’s proposed 2020 budget also calls for an increase in the g-fees. Both the mortgage bankers association and the National Association of Realtors support the bill. “Guarantee fees are a critical risk management tool used by Fannie Mae and Freddie Mac to protect against losses,” said MBA President and CEO Bob Broeksmit.
California Bay Area home sales hit 5-year high California home prices hit their highest level since the previous housing boom in May, as demand continued to outstrip supply, both statewide and here in the Bay Area. The latest monthly home sales and price report from the California Association of Realtors puts the median price for a single-family home at $550,200 in May, up 5.8 percent from.REITs earn spotlight in the new year These external funds that raise capital enable the REIT to buy real estate, develop and manage it, for the purpose of generating profits. reits generate income, and 90 percent of that taxable income must be distributed to the shareholders on a regular basis. REITs make money from the properties they purchase by renting, leasing or selling them.
The FHFA rule changes and the further reduction of overlays may increase Wells Fargo’s mortgage lending by slightly more than that in 2015, he said. Officials at Fannie Mae, Freddie Mac. which was.
Before the end of this year, Fannie Mae and Freddie Mac will raise guarantee fees (g-fees) on single-family mortgages by an average of 10 basis points. When the gses provide mortgage-backed securities (mbs), they guarantee the payment of principal and interest on the securities and charge a g-fee for the guarantee.
Bankrupt Detroit may soon face delayed foreclosure process · The biggest factor in the feeding frenzy is, of course, rock-bottom prices. Banks are pricing homes to move.. Sakmar tells of an REO that recently went on sale in a community of mostly $300,000 homes.
· Fannie Mae and Freddie Mac Are Government-Sponsored Entities (GSEs) Created to Stabilize the Mortgage Market and Increase Homeownership Opportunities By virtue of their GSE designation, Fannie and Freddie have a unique status that has proven to be very beneficial for their success as a corporation.
Industry and consumer groups are divided over raising the insurance premiums, commonly called guarantee fees or G fees, charged. Washington-based Fannie Mae in 1938 and Freddie Mac of McLean,