The average g-fee charged on single-family loans in 2021 rose from 54 basis points to 56 bps. Much of the increase can be traced to 15-year fixed-rate refinances, which were subject to an extra adverse market fee.
The enterprise issued more credit-risk transfer deals this year than last. But increasing interest rates have made the deals less and less attractive for Freddie.
The tools, which help automate access to Fannie data, had been housed on The Exchange platform. They will continue to be available, but via the enterprise's Developer Portal.
By some estimates, the enterprises will have to increase guarantee fees by about 3 basis points to offset the lost revenue from FHFA's targeted elimination of LLPAs.
While the FHLBanks tout the utility of the system’s status quo, small independent mortgage bankers push a change that would give nonbanks access to FHLB credit without FHLB membership.