FHFA delays inevitable g-fee hike

Senators Call For FHFA To Abandon Unfair Hike Of G-Fees In Five States. new homebuyers in our states should have to pay higher g-fees because misconduct by banks and servicers led courts to delay or stop foreclosures on older loans in an effort to uphold the law.. FHFA should direct the.

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If FHFA wants to reduce costs on the Enterprises, it would be better off penalizing servicers who slow down the judicial process because they are either unprepared or unwilling to work with homeowners. Reining in intransigent servicers would do more than a g-fee increase to put the cost of judicial delays on

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 · FHFA to Delay Increase in Mortgage Fees by Fannie, Freddie The incoming director of the regulatory agency that oversees Fannie Mae and Freddie Mac said he would delay an increase in mortgage fees charged by the housing-finance giants.

Mel watt signals change, Delays Fannie, Freddie Fee Hike. giants Fannie Mae and Freddie Mac to delay the implementation of a recently announced. to move forward with any adjustments to g-fee.

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BITS Fee Hike Protest FHFA Announces G-Fee Hikes For 2014 – MortgageOrb – This increase follows FHFA-directed increases of 10 basis points each announced in December 2011 and August 2012. By increasing the g-fees, the FHFA aims to infuse the market with more private capital by opening up more credit risk sharing to investors, as well as to reduce the GSEs’ dominance in the marketplace in preparation for their inevitable transition out of government conservatorship.

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The industry, led by federal bank regulator OCC and housing finance regulator FHFA, is promoting the idea that all foreclosures are hopeless, homeowners are using state law solely for the purpose of delay, and that massive foreclosures are inevitable, that most judicial foreclosures just result in default judgments, so let’s get on with it.

The FHFA has already more than doubled the g-fees Fannie and Freddie charge since they were placed into conservatorship in 2008. Watt was confirmed by the Senate to head the FHFA on Dec. 10 and is scheduled to be sworn-in on Jan. 6. His decision to delay the g-fee increases will be finalized as of when he is sworn-in.