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Volume 2014 - Number 18

May 8, 2014

A New Concept is Floated: Maybe Fannie And Freddie Servicing Fees Are Too Low

Should Fannie Mae and Freddie Mac increase the 25 basis point servicing fee they pay mortgage companies that service their loans? The issue was apparently raised by at least one mortgage executive at a recent advisory board meeting that Fannie held with some of its customers. Two servicing advisors with knowledge of the meeting confirmed the story, but few in the industry believe that any type of increase is being contemplated at this time. One major concern centers...

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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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