1【 以下文字转载自 VA_MD_Mortgage_Forum 俱乐部 】
发信人: jody (bright sunshine), 信区: VA_MD_Mortgage_Forum
标 题: starting on Apr.1, G fee will be increased for Fannie & Freddie loan
发信站: BBS 未名空间站 (Sat Dec 31 12:53:17 2011, 美东)
WASHINGTON (Dow Jones)--The Federal Housing Finance Agency announced
Thursday that Fannie Mae and Freddie Mac would raise fees they collect from
lenders to implement part of the deal reached by lawmakers last week on the
payroll tax break.
Lawmakers approved legislation Friday that extended the tax break for two
months to avoid a Jan. 1 increase and offset the cost of the extension by
directing the FHFA to increase the fees Fannie and Freddie charge.
Fannie and Freddie buy up mortgages and package them into investments sold
with a guarantee that investors will be paid even when borrowers default.
Last year, the two companies charged, on average, a fee of 0.26 percentage
point of the loan's value for every loan they guaranteed.
The FHFA said in a statement that Fannie and Freddie would raise that fee at
least one-tenth of one percent in 2012, starting April 1.
The fee increase announced Thursday would amount to an extra $15 per month
on a $200,000 mortgage, or $5,400 over the life of a 30-year mortgage.
The higher fees would normally go to Fannie and Freddie, reducing the amount
of taxpayer funds the companies need from the Treasury. The new law,
however, sends the fees directly to the Treasury and doesn't allow them to
go to the companies or otherwise pay down the tab for their rescue, which
has cost taxpayers about $151 billion to date.
The fees wouldn't affect current borrowers but would be added onto new
mortgages. As mortgage rates are at their lowest levels in decades, many
analysts say the fee increase isn't likely to affect housing demand.
The FHFA is considering further fee increases over the next two years,
according to Thursday's statement.