No big changes in Fannie Mae and Freddie Mac fee structure

Washington

THE US regulator for Fannie Mae and Freddie Mac has released adjustments for fees the companies charge to guarantee mortgages that will keep costs largely the same for most borrowers.

Borrowers with weaker credit will pay slightly lower fees, while most others will see prices remain the same, the Federal Housing Finance Agency said on Friday. Certain riskier loans, such as those on investment properties, those over US$417,000 and cash-out refinances will become incrementally more expensive.

The moves were announced by the FHFA in tandem with new capital standards for mortgage insurers. Insurers have said those rules co…