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