Estimated reading time: 0 minutes, 28 seconds

G-Fees Rose in 2021 Thanks to Adverse Market Fee

The average single-family guarantee fee last year was 56 basis points, up two basis points from the year before, according to the latest data from the Federal Housing Finance Agency. So reports MReport.

FHFA2The average 2021 g-fee on 30-year fixed rate loans ticked higher by 1 basis point to 59 basis points, while 15-year fixed rate loans saw an increase of 6 basis points to 42 basis points.

The FHFA found that 15-year fixed rate mortgages were particularly affected by the regulator’s controversial adverse market refinance fee, which was scrapped in August 2021 amid industry pushback.

Read the full article from MReport.

Read 553 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.