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Volume 14 - Number 9

May 2, 2014

Are Fannie, Freddie Executives Pushing for Higher G-Fees?

Although recently installed Federal Housing Finance Agency Director Mel Watt delayed an increase in guaranty fees earlier this year, executives at Fannie Mae and Freddie Mac have told some mortgage executives in private conversations that raising g-fees may not be a bad idea, according to industry officials briefed on the matter. “They’re actively saying they want an increase in g-fees,” said one source, speaking about the GSEs. However, others suggest that the situation needs to be placed into context. The FHFA and the GSEs may be working on a deal to reduce charges tied to loan-level price adjustments.

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Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

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