The new 50-basis-point upfront fee is intended to offset the cost of capital each enterprise is required to hold for guaranteeing the collateral of its competitor.
Just a week after imposing onerous new capital disclosure requirements on Fannie and Freddie, FHFA adopts a rule requiring them to file annual capital plans.
In an SEC filing, the mortgage giant announced that it has entered into a “mutual non-disparagement agreement” with Donna Corley, departing head of single-family.