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Guarantee Fees

The Federal Housing Finance Agency (FHFA) has completed a comprehensive review of the agency’s policy for guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises).  FHFA’s review considered multiple factors, including responses to the agency’s June 2014 request for public input, analyses by housing finance market participants of the implied guarantee fee pricing from the Enterprises’ credit risk transfers, and internal analyses of Enterprise pricing, credit guarantee loss data, and modeling.

FHFA’s review focused on reaching an appropriate balance between FHFA’s statutory obligations to: 1) ensure the safety and soundness of the Enterprises, and 2) foster a liquid national housing finance market.  In light of this balance, FHFA determined, based on both internal and external analysis, that the current average level of guarantee fees appropriately reflects the current costs and risks associated with providing the Enterprises’ credit guarantee.  

​As a result, FHFA finds no compelling economic reason to change the general level of fees.  FHFA, however, is making certain minor and targeted fee adjustments.  To implement these decisions, the agency is directing the Enterprises to make changes to their guarantee fees that will slightly reduce, maintain, or increase costs for different categories of loans.  Since all of the guarantee fee changes are small, the agency does not expect the adjustments to cause any material changes to the Enterprises’ loan volume in any of the loan categories and expects the small changes to be revenue neutral.

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FHFA Completes Guarantee Fee Review: G-fees to Remain at Current Levels with Modest Adjustments177044/17/2015 8:15:44 PMSTS_ListItem_PublishingPageshttp://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx435043500http://www.fhfa.gov4/17/2015 8:15:44 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
Results of Fannie Mae and Freddie Mac Guarantee Fee Review177074/17/2015 8:15:50 PMSTS_ListItem_PublishingPageshttp://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx375337530http://www.fhfa.gov4/17/2015 8:15:50 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
Statement of Melvin L. Watt Director, FHFA Before the U.S. House of Representatives Committee on Financial Services173281/27/2015 3:00:24 PMSTS_ListItem_PublishingPageshttp://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx3369930http://www.fhfa.gov1/27/2015 3:00:24 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
Fannie Mae and Freddie Mac Single-Family Guarantee Fees in 20131587411/20/2014 6:00:47 PMSTS_ListItem_PublishingPageshttp://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspx1704810http://www.fhfa.gov11/20/2014 6:00:47 PMhtmlFalseaspx44;1644~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_Default_FHFA.js
Prepared Remarks of Melvin L. Watt, Director, FHFA, At the Mortgage Bankers Association Annual Convention1536510/20/2014 7:42:43 PMSTS_ListItem_PublishingPageshttp://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx150963700http://www.fhfa.gov10/20/2014 7:42:43 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
Prepared Remarks of Melvin L. Watt at the North Carolina Bankers Association’s American Mortgage Conference148883/4/2015 3:42:48 PMSTS_ListItem_PublishingPageshttp://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx2272210http://www.fhfa.gov3/4/2015 3:42:48 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
FHFA Extends Deadline for G-Fee Input to September 8108537/29/2014 6:30:12 PMSTS_ListItem_PublishingPageshttp://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx2572570http://www.fhfa.gov7/29/2014 6:30:12 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
FHFA Seeks Input on Fannie Mae and Freddie Mac Guarantee Fees110269/26/2014 8:41:44 PMSTS_ListItem_PublishingPageshttp://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx76871110http://www.fhfa.gov9/26/2014 8:41:44 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
Prepared Remarks of Melvin L. Watt at the Brookings Institution Forum on the Future of Fannie Mae and Freddie Mac113375/20/2014 8:57:31 PMSTS_ListItem_PublishingPageshttp://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx171801740http://www.fhfa.gov5/20/2014 8:57:31 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
FHFA Directs Fannie Mae and Freddie Mac To Delay Guarantee Fee Changes10847FHFA announced plans to delay implementation of guarantee-fee changes, originally scheduled for March/April 2014, that would affect all Enterprise-purchased mortgages since 2008.5/19/2014 9:04:42 PMSTS_ListItem_PublishingPageshttp://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx1024320http://www.fhfa.gov5/19/2014 9:04:42 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js

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