Freddie Follows Fannie and Doubles Delivery Fee for Adverse Markets
August 14, 2008
After being badgered into abandoning widely-criticized policies that imposed stiffer underwriting standards on loans in declining markets, Freddie Mac has doubled the surcharge it levies for these loans to .50 percent. Fannie Mae announced the same fee hike a week ago. The government-sponsored enterprises’ declining markets policies restricted the loan-to-value ratios on properties in...