Agency RMBS safe from lower G-fees, say analysts

By Ryan Bolger
20 Apr 2015

The Federal Housing Finance Agency (FHFA) announced on Friday that it would lower the fees it charges to guarantee mortgages, but only for loans with riskier metrics.

Government sponsored enterprises Fannie Mae and Freddie Mac will eliminate a 25bp adverse market delivery charge (ADMC) and simultaneously raise some loan level pricing adjustments (LLPAs), the FHFA announced on Friday. Both changes apply to mortgages the GSEs have purchased on or after September 1, 2015.

The ADMC ...

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