Increase in Fannie Mae and Freddie Mac Guarantee Fees

Orrick - Finance 20/20
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On August 31, the FHFA announced that it has directed Fannie Mae and Freddie Mac to raise guarantee fees on single family mortgages by an average of 10 basis points. For loans exchanged for mortgage-backed securities, the increases will be effective with settlements starting December 1. For loans sold for cash, the increases will be effective with commitments starting November 1. FHFA Release.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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