FHFA fee cut expected to hit RMBS investors
The Federal Housing Finance Agency (FHFA) is believed to be considering a reduction in its conventional mortgage guarantee fees in a bid to win back business from the Federal Housing Administration (FHA).
Market participants told GlobalCapital that they expected the FHFA to lower conventional g-fees or reprice the loan level pricing adjustment (LLPA) grid, which could cause a sell-off of Fannie Mae and Freddie Mac RMBS similar to that of Ginnie Mae RMBS last week.Last week, the FHA announced ...
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