FHFA Announces Another 10 Basis Point Increase In G-Fees

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Aug 31, 2012 11:23AM FHFA Announces Another 10 Basis Point Increase In G-Fees Fannie Mae and Freddie Mac's guarantee fees (g-fees) on single-family mortgages are about to go up by an average of 10 basis points. The increase was announced by the Federal Housing Finance Agency (FHFA) this morning and will take effect for loans sold for cash on November 1 and for loans exchanged for mortgage-backed securities (MBS) one month later. FHFA said the change to the g-fee pricing is intended to encourage greater participation in the mortgage market by private firms, a goal set in the... Aug 31, 2012 4:36PM MBS RECAP: Rallied and Rallied Some More Following Bernanke, Month-End Buying We've discussed month-end buying in various contexts in the past and one of them is to fill portfolio positions for investment funds that must be balanced with various indexes. In other words, buyers were forced in earlier in order to get to their required Mortgage Rates Move Slightly Lower Ahead Of Three Day Weekend MBS MID-DAY: Volatility Surrounding Bernanke Speech, Followed By Improvements Fannie Mae's Portfolio down 9.9 Percent in July The Day Ahead: After A Sideways Week, Here's The First Chance For A Lead-Off Q2 Mortgage Banking Profits Surge, Highest Since Report Began in 2008 Short Sales Take Growing Share of Distressed Sales View: Front Page | Headline Viewer Micro News 3:24 PM: More Month-End Buying Lined Up After The Treasury Close 12:37 PM: Spain creates bad bank, paves way for rescue funds 12:19 PM: Gains Holding Following Bernanke Speech, Volatility Brought Buyers 10:23 AM: FHFA Announces Another 10bp Increase In G-Fees 10:20 AM: Full Text Of Bernanke's Jackson Hole Speech 10:17 AM: Bond Markets Choppy Following Bernanke's Prepared Remarks 9:51 AM: ECON: Chicago PMI Slightly Lower, But Employment Component Stronger 9:16 AM: Bond Markets Open Weaker, Battling Back To Nearly Unchanged Levels »View All Micro News Around the Web Letter to Regulators on Down Payments (QRM Requirements) E.U. Pushes for Centralized Supervision of Banks Putting Numbers To HAMP's Limited Impact Citibank Settles Borrowers' Home Equity Credit Line Suit Bernanke on The Safe Asset Shortage CFPB: More time for comments on proposed changes to the definition of the finance charge »View More Around the Web Video News Economists Disagree on Bernanke's Policies PIMCO CEO: Bernanke Setting Up for 'More Activism' What Happens After Jackson Hole? »View More Video News Today's Comments "I am all for charity and helping others. But to foreclose on someone and then give it away just seems odd. Hopefully the homes they are giving away were..." "all we have to do is find 1000 more companies like AIG to bailout and we could pay off the national debt." "Well, there should be some consequences if you dump the deficiency on the lender. If you sign a promissory note and did not skip mortgage payments, they..." »View More Comments Today's Q&A "Poll: How do you feel about mobile advertising?:)" "Where you can purchase inexpensive coins?" "if someone signs a quit deed release on property what rights do they have" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.59 -0.03 15YR 2.89 -0.02 FHA30YR 3.48 -0.03 Jumbo30YR 4.15 -0.02 5/1ARM 2.99 -0.01 MBS Quotes 30YR FNMA 3 106-02 0-14 30YR FNMA 4 107-08 0-10 30YR FNMA 4 108-07 0-05 30YR FNMA 5 109-07 0-04 Treasuries 2 YR 0.2264 -0.0316 3 YR 0.2926 -0.0474 5 YR 0.5932 -0.0728 7 YR 1.0012 -0.0798 10 YR 1.5501 -0.0779 30 YR 2.6730 -0.0750 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Pending Home 2.42% Mortgage Application -4.29% Mortgage Refinance -5.72% Mortgage Purchase 1.41% S&P/Case Shiller 0.94% New Home Sales 3.62% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031