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News Breaks | | | | August 31, 2012 | | 10:14 EDT |  | FNMA, FMCC | Fannie Mae, Freddie Mac directed to raise guarantee fees by 10 basis points
The Federal Housing Finance Agency announced that it has directed Fannie Mae (FNMA) and Freddie Mac (FMCC) to raise guarantee fees on single family mortgages by an average of 10 basis points. The changes to g-fee pricing represent a step toward encouraging greater participation in the mortgage market by private firms, a goal set forth in FHFA’s Strategic Plan for Enterprise Conservatorships. “These changes will move Fannie Mae and Freddie Mac pricing closer to the level one might expect to see if mortgage credit risk was borne solely by private capital,” said Edward J. DeMarco, Acting Director of FHFA. For loans exchanged for mortgage-backed securities, the increase will be effective with settlements starting Dec. 1. For loans sold for cash, the increases will be effective with commitments starting Nov. 1. Fannie Mae and Freddie Mac will work directly with lenders to implement the changes, the FHFA said. | |
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News For FNMA;FMCC From The Last 14 Days Check below for free stories on FNMA;FMCC the last two weeks. |
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| May 24, 2013 | | 07:12 EDT |  | FNMA | Fannie Mae's recent success concerns mortgage industry, Bloomberg reports
Fannie Mae is taking potential profits away from mortgage lenders as it posts record earnings that are fueling industry-wide concern the government-backed company is regaining its swagger even as lawmakers plot its demise, reports Bloomberg.Reference Link | | | 06:10 EDT | | FNMA | On the Fly: Periodicals Wrap-Up
 Subscribe for More Information | | | May 15, 2013 | | 05:49 EDT | | FMCC, FNMA | Some hedge funds bet on Freddie, Fannie recovery, WSJ reports
Subscribe for More Information | | | May 12, 2013 | | 20:39 EDT | | FMCC, FNMA | Fannie Mae, Freddie Mac could be in trouble, Barron's warns
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