Fannie, Freddie to charge higher fees

  • Business
  • Wednesday, 21 Sep 2011

RALEIGH: Fannie Mae and Freddie Mac, the Unites States’ two largest mortgage finance providers, are expected to gradually increase the fees they charge lenders in the next year, according to their federal regulator.

The “guarantee fees” that the two government-owned companies charge would be increased in order to lessen the companies’ long-term exposure to risk, said Edward DeMarco, acting director of the Federal Housing Finance Agency. – Reuters

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