Freddies G-Fees Steeply Discounted Compared With Fannies as the GSEs Compete for Business
August 15, 2013
The guaranty fee charged to lenders by Freddie Mac has recently fallen significantly lower than the rate charged by Fannie Mae as the government-sponsored enterprise struggles to shore up its share of the GSE market. In the second quarter of 2013, Freddies average guaranty fee on new acquisitions was 50.7 basis points. During the same period, Fannies average g-fee for new acquisitions was 56.9 bps. In the second quarter of 2012, Freddies g-fee averaged 39.8 bps while Fannies averaged 40.3 bps. In a statement provided to Inside Mortgage Finance, Freddie said...