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Federal Housing Finance Agency Extends Deadline G-fee Input
Wednesday, July 30, 2014 6:30 AM

The Federal Housing Finance Agency extended its deadline for accepting industry input on Fannie Mae and Freddie Mac guarantee fees to Sept. 8.

The FHFA previously announced in June that it was seeking industry opinion through Aug. 4. FHFA is extending the deadline for g-fee input to coincide with the deadline for FHFA's Request for Input on draft private mortgage insurer eligibility requirements, also due Sept. 8, 2014.  Input on each topic must be submitted separately.

In December, former FHFA Acting Director Ed DeMarco announced that the G-fees would gradually rise throughout 2014. At the time, the FHFA said that the base G-fee, or ongoing G-fee, for all mortgages would increase by 10 basis points. That would have represented an average increase of 14 basis points on typical 30-year mortgages and 4 basis points on 15-year mortgages.

The plan was also to eliminate the up-front 25 basis point adverse market fee assessed on all mortgages purchased by Freddie and Fannie.

Input on g-fees must be received by Sept. 8, 2014 and should be submitted to the Federal Housing Finance Agency, Office of Policy Analysis and Research, 400 7th Street, SW, Ninth Floor, Washington, DC  20024 or via FHFA.gov.