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Guarantee Fees

​​​​​​​​​​​​​​​​​​​​FHFA Request for Input - Background

On December 9, 2013, the Federal Housing Finance Agency (FHFA) announced proposed increases to guarantee fees (g-fees) that Fannie Mae and Freddie Mac (the Enterprises) charge lenders.  The Enterprises receive these fees in return for providing a credit guarantee to ensure the timely payment of principal and interest to investors in Mortgage Backed Securities (MBS) if the borrower fails to pay.  The MBS, in turn, are backed by mortgages that lenders sell to the Enterprises.  

The proposed changes included an across-the-board 10 basis point increase, an adjustment of up-front fees charged to borrowers in different risk categories and elimination of the 25 basis point Adverse Market Charge for all but four states.  On January 8, 2014, Director Melvin L. Watt suspended implementation of these changes pending further review. As part of that review, FHFA is now soliciting input on guarantee fees.​

 

 
Link to Submit/View Input (Guarantee Fees comment period now closed)

 

Read about History of Guarantee Fees

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Prepared Remarks of Melvin L. Watt At the North Carolina Bankers Association’s American Mortgage Conference148889/8/2014 9:46:19 PMSTS_ListItem_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx15761390http://www.fhfa.gov9/8/2014 9:46:19 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_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx1741900http://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_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx59832190http://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_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx138642640http://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_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx527670http://www.fhfa.gov5/19/2014 9:04:42 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
FHFA Takes Further Steps to Advance Conservatorship Strategic Plan by Announcing an Increase in Guarantee Fees11067FHFA took additional steps toward fulfilling the Strategic Plan for Enterprise Conservatorships, (published February 2012) which established a goal of gradually contracting Freddie Mac and Fannie Mae’s marketplace presence while reducing their operations.9/10/2014 2:33:43 PMSTS_ListItem_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx355180http://www.fhfa.gov9/10/2014 2:33:43 PMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
Fannie Mae and Freddie Mac Single-Family Guarantee Fees in 201212503This FHFA report covers fees charged by the Enterprises in 2012 for guaranteeing conventional single-family mortgages—loans that are not insured/guaranteed by the federal government which finance properties with four or less residential units.6/30/2014 4:47:30 PMSTS_ListItem_850http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspx5441280http://www.fhfa.gov6/30/2014 4:47:30 PMhtmlFalseaspx44;1644~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_Default_FHFA.js
State-Level Guarantee Fee Analysis127736/30/2014 4:51:20 PMSTS_ListItem_850http://www.fhfa.gov/AboutUs/Reports/Pages/Forms/AllItems.aspx211120http://www.fhfa.gov6/30/2014 4:51:20 PMhtmlFalseaspx44;1644~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_Default_FHFA.js
Recent Accomplishments and a Look Ahead at the Future of Housing Finance11219Speech Page5/20/2014 3:15:16 AMSTS_ListItem_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx5900http://www.fhfa.gov5/20/2014 3:15:16 AMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js
FHFA Sends Notice to Federal Register on State-Level Guarantee Fee Pricing11035FHFA presented an approach to adjust Enterprise guarantee fees (g-fees) on single-family mortgages in states where foreclosure practice costs are higher than the national average.5/20/2014 3:30:52 AMSTS_ListItem_850http://www.fhfa.gov/Media/PublicAffairs/Pages/Forms/AllItems.aspx5100http://www.fhfa.gov5/20/2014 3:30:52 AMhtmlFalseaspx32;44;1632~sitecollection/_catalogs/masterpage/Display Templates/Search/Item_PublicAffairs.js

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