CHM Blog

As reported by FannieMae MBS News and Announcements:

Increase in Guaranty Fees for Single-Family Mortgage Loans

As directed by the Federal Housing Finance Agency (FHFA), pursuant to the federal Temporary Payroll Tax Cut Continuation Act of 2011 (Act), Fannie Mae must increase by 10 basis points the guaranty fee that we will charge for all single-family mortgage loans delivered on or after April 1, 2012. To comply with this directive, we will increase by 10 basis points the guaranty fee applicable to single-family loans in MBS pools that have issue dates on or after April 1, 2012. Fannie Mae will make similar adjustments to the base pricing for single-family loans committed through its single-family whole loan programs and other negotiated transactions. Click here to read the Announcement.

In early 2012, FHFA will further analyze whether additional guaranty fee increases are appropriate to ensure compliance with the Act. Fannie Mae will issue future guaranty fee announcements or make adjustments to our contracts with lenders, as necessary.