Market braces for lower mortgage G-fees

mel watt
By Ryan Bolger
13 Apr 2015

The Federal Housing Finance Agency (FHFA) was expected to announce a reduction in the fees it charges to guarantee mortgages as GlobalCapital went to press.

That could cause prepayments and lower performance for Fannie Mae and Freddie Mac RMBS paper, as was the case for Ginnie Mae securities when the Federal Housing Administration (FHA) in the US lowered its mortgage insurance premiums (MIPs) earlier this year.

Ginnie securities were safe from ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial