US FHFA Extends Deadline for Input On Fannie, Freddie G-fees
MNI - July 29, 2014 - July 29, 2014
July 29, 2014
The Federal Housing Finance Agency Tuesday announced that it is extending the deadline for stakeholders to provide input on the mortgage guarantee fees charged by Fannie Mae and Freddie Mac.
FHFA Director Mel Watt suspended the original plan put in place by his predecessor Ed Demarco, that raised guarantee fees, and has taken a policy stance that aims to support the housing market rather than reducing the governments presence in housing finance.
The FHFA said the deadline for input is now September 8, 2014 which also coincides with the deadline for input on tighter rules for private mortgage insurers. The previous deadline for input on guarantee fees was August 4, 2014.
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