WASHINGTON (7/30/14)--September 8 is the new deadline for comments on the Federal Housing Finance Agency's (FHFA) proposed increases to guarantee fees (g-fees) that Fannie Mae and Freddie Mac charge lenders.
The previous deadline to submit input to the FHFA was August 4.
Fannie Mae and Freddie Mac charge g-fees to cover costs associated with providing a credit guarantee to ensure the timely payment of principal and interest to investors in mortgage-backed securities if a borrower fails to pay.
The Credit Union National Association opposes increases in the g-fees.
Use the News Now resource link to access the FHFA's request for comment.