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Home » Freddie to Impose Lender Low-Activity Fee
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Freddie to Impose Lender Low-Activity Fee

June 7, 2013
Seller/servicers doing business with Freddie Mac will be charged a so-called low-activity fee for not meeting new quotas for loan deliveries and mortgage servicing beginning next year, according to a recent policy change announced by the GSE. Freddie said it will assess lenders a fee of $7,500 if they fail to deliver mortgage loans with an aggregate principal balance of more than $5 million or service mortgages for the GSE with an aggregate balance of at least $25 million. Freddie will begin monitoring loan sales and servicing beginning this year and imposing the low-activity fee on slackers beginning January of next year.
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