Fannie Mae Equalizes Affinity Deals, Affecting Guaranty Fees, Tech Charges
January 24, 2013
Fannie Mae is informing the mortgage cooperatives it works with that going forward that all the different affinity groups doing business with the government-sponsored enterprise will be treated the same when it comes to guaranty fees and charges for its Desktop Underwriter program, Inside Mortgage Finance has learned. One executive close to the situation told Inside Mortgage Finance that action by Fannie essentially equalizes all cooperatives in terms of the pricing breaks they receive from the GSE. Some affinity relationships have been in place...