Fannie Mae and Freddie Mac no longer will provide volume-based discounts for guarantee fees charged to lenders, per a recent directive from the Federal Housing Finance Agency (FHFA) intended to level the playing field in the mortgage marketplace.
FHFA Director Mark Calabria, speaking at an industry event, characterized such “G-fee” discounts as attributable for market distortions in the lead-up to the financial crisis.
Learn more about the directive.