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Home » Freddie to Kill Low-Activity Fee After Uproar
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Freddie to Kill Low-Activity Fee After Uproar

June 21, 2013
Freddie Mac is telling trade groups that it will kill a $7,500 “low-activity fee” after hearing numerous complaints from banks, thrifts and credit unions. According to sources who have been briefed on the about-face, the fee – set to go into effect next year – will be mostly eliminated, but it will still apply to originators that have not sold a loan to the GSE in 36 months and do not service any Freddie loans. A Freddie spokesman declined comment but noted, “We always listen to the concerns of our customers.”
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