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Freddie Prices Risk into G-Fee.(government sponsored enterprises)(Federal Home Loan Mortgage Corp.)(Brief article)
Washington -- Freddie Mac seller/servicers delivering high-risk mortgages to the GSE could wind up paying guarantee and delivery fees of close to 78 basis points per loan under new requirements that go into effect in three months.
Up until the credit crisis, which began last August, the average "g-fee" for Freddie Mac loans was 23 basis points. (G-fees can vary from lender to lender, depending on "strategic alliance" deals they might have with Freddie.)
In December, according to a report in this newspaper, both Freddie Mac and Fannie Mae also tacked on a 25 basis point delivery fee on top of the standard g-fee.
It's anticipated that any increase in charges will be ...
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Freddie Mac last week launched and priced its...389 to yield 5.957%, or 113 basis points over the on-the-run 5% ten...due February 2011. The yield is 22 basis points above Freddie Mac's senior ten-year debt. The...
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...up by as little as 25 to 50 basis points, Freddie Mac warned Last week. David Stevens...these loans on their books. Freddie Mac is trying to make community...increasingly important part of Freddie Mac's roster of seller/servicers...
Source: HighBeam Research, Freddie Prices Risk into G-Fee.(government sponsored...