Monday, November 19, 2012

BiPS rise up | HousingWire

On Aug. 31, the Federal Housing Finance Agency, steward of the largest mortgage financiers in the U.S., Fannie Mae and Freddie Mac, said it would raise the guarantee fees each entity charges lenders by 10 basis points to securitize loans and insure the timely interest and principal payments for investors. The plan to do so was announced earlier in the year in order to encourage private capital back into the market.  Read more:   http://www.housingwire.com/news/g-fee-spike

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