Mortgage Blog

G-fees will kick-in soon
September 24th, 2012 3:56 PM

Here is the nws from one lender today:

The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to increase loan guarantee fees (“G-Fees”). Provident Funding’s lock policy has been updated to accommodate the increased G-Fees.

G-Fee pricing adjustments:

  • Conforming and Super Conforming 30, 25 and 20 Fixed: +0.625%
  • Conforming and Super Conforming 15 and 10 Fixed: +0.25%
  • Conforming and Super Conforming ARM: +0.375%
  • Jumbo: not applicable

So the better prcing will be "eaten" by Fannie Mae & Freddie Mac.

Posted in:General
Posted by Eric Fang on September 24th, 2012 3:56 PMPost a Comment

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