Freddie Announces New Round of Fee Increases, Expanded Effort to Help Struggling Borrowers
February 5, 2009
Persistent declines in the housing market forced Freddie Mac to raise fees charged on certain higher-risk mortgages and launch a new initiative to mitigate losses. Late last week the government-sponsored enterprise said a new round of increases on post-settlement delivery fees is needed to address “the additional risk associated with some mortgages, particularly those that...