Our Position

Housing and Mortgage Finance

Letters to Congress

Title Recipient Date
U.S. House of Representatives 05/21/24
Senate Banking Committee, House Financial Services Committee 03/11/24
U.S. Senate 12/15/23
Reps. Madeleine Dean and Kelly Armstrong 06/11/21
116th Congress 03/26/20

Letters to Regulators

Title Recipient Date
Federal Housing Finance Agency 06/10/24
Federal Housing Finance Agency 06/10/24
Federal Housing Finance Agency 05/23/24
Federal Housing Finance Agency 05/13/24
Department of Veterans Affairs 02/09/24

Title Committee Presenter Date

Related News

FHFA reports rise in single-family guarantee fees

May 03, 2024

The Federal Housing Finance Agency said the average single-family guarantee fee increased by 4 basis points to 61 basis points in 2022.

Details: In its latest annual report on single-family guarantee fees, or g-fees, charged by Fannie Mae and Freddie Mac, the FHFA said:

  • The upfront portion of the g-fee, which is based on credit risk attributes, increased by 3 basis points to an average of 17 basis points in 2022.

  • The increase in upfront fees was driven by a shift from a predominantly refinance market to a predominantly purchase market.

  • ‚ÄčThe average g-fee in 2022 on 30-year fixed-rate loans rose by 3 basis points to 63 basis points, while the average on 15-year fixed-rate loans was unchanged at 42 basis points.

Background: Guarantee fees are intended to cover the expected credit losses, administrative costs, and cost of capital that the enterprises incur when they acquire single-family loans from lenders.