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Home » A Few Additional Details Revealed About New ‘Minimum’ G-Fee for Fannie and Freddie MBS
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A Few Additional Details Revealed About New ‘Minimum’ G-Fee for Fannie and Freddie MBS

September 30, 2016
Documents obtained by Inside MBS & ABS reveal that Fannie Mae and Freddie Mac were required to charge the same “minimum” guaranty fee for single-family guaranty commitments issued on or after Aug. 1. Both government-sponsored enterprises received identical marching orders for minimum g-fees: 44 basis points for 30-year mortgages and 30 bps for 15-year loans. And, according to copies of emails from the Federal Housing Finance Agency following up on the agency’s initial July 29 directive, an unspecified number of Freddie sellers were paying less than the minimum. The names of these sellers were redacted...[Includes one data table]
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