Posted on January 8, 2014 - 06:58 PM
by Estefene Nestor
The Federal Housing Finance Agency (FHFA) announced today that it has directed Fannie Mae and Freddie Mac to delay changes to its guarantee fee (g-fee), a fee charged to lenders on mortgages sold to the GSEs. Often times these fees are passed along to borrowers.
In early December, the FHFA announced plans to increase the base guarantee fee for all mortgages by 10 basis points, update the up-front g-fee grid, and eliminate the up-front 25 basis point adverse market fee that has been assessed on all mortgages purchased by Fannie Mae and Freddie Mac since 2008, effective in March and April 2014
Kelly Gabbadon I can't thank you enough Nestor you made my dream possible in 1 short month when everyone said it would take some time to sell & although it was a lot of work selling my 1st home you walked me straight through & for that I am forever grateful..
766 Gatewood San Leandro California..Kelly Gabbadon
In all our dealings with Realtors over the past ten years, we have never met anyone as helpful and energetic as you have been. Without hesitation, we would highly recommend your service to anyone who is looking for an experienced Realtor who cares about getting things done and doing them right! Thanks for taking such good care of us, we couldn't have done it without you!Ms Doloris Lopez