Advanced Search

Volume 14 - Number 4

February 21, 2014

FHFA’s IG Calls for Stricter Use Of GSE Repurchase Late Fees

The Federal Housing Finance Agency’s Inspector General wants Fannie Mae and Freddie Mac to penalize lenders for delays in repurchasing loans via an aggressive application of buyback late fees. The FHFA issued a “contract harmonization directive” in January 2012 calling for the two GSEs to develop “consistent timelines and collection standards for fees and penalties and additional types of penalties and remedies.”

Subscribers to Inside The GSEs have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.

Subscriber Log In

If you are a current subscriber or already purchased this article, please login below.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?

Subscribe

This biweekly covers the housing-related government-sponsored enterprises with experienced, expert analysis.

 

Pay-Per-View

You can purchase this article for $55.00 without subscribing and always have access to it on insidemortgagefinance.com.

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744

Poll

After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.
2 to 3 years. GSE reform is complicated.
Sadly it won’t happen in a Clinton or Trump first term.
Not in my lifetime.

vote to see results
Housing Pulse