Advanced Search

Volume 2014 - Number 7

February 20, 2014

FHFA’s Inspector General Wants Fannie and Freddie To Be More Aggressive in Assessing Buyback Late Fees

The Federal Housing Finance Agency’s lax attention to Fannie Mae’s and Freddie Mac’s handling of aged repurchase demands has resulted in uncollected late fees charged to lenders, according to a new audit by the agency’s Inspector General. The FHFA issued a “contract harmonization directive” in January 2012 calling for the two government-sponsored enterprises to develop “consistent timelines and collection standards for fees and penalties and additional types of penalties and remedies.” During contract harmonization discussions, the report noted...

Subscribers to Inside Mortgage Finance have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.

Subscriber Log In

If you are a current subscriber or already purchased this article, please login below.

Forgot your password?

Already subscribe but haven't registered for all the benefits of the website?


A weekly "must read" for industry executives. Thoroughly covers regulatory, political, legislative and market issues in the residential mortgage business.



You can purchase this article for $55.00 without subscribing and always have access to it on

Pay Per View

Please contact Customer Service if you need assistance: 1-800-570-5744


How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.
11 to 30. We’re feeling slightly bullish.
31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

vote to see results