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No G-Fee Increases: NAFCU, CUNA to FHFA

Trade associations tell the FHFA g-fee increases should be a matter of risk management, not politics.

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NAFCU and CUNA urged the Federal Housing Finance Agency to abandon its proposed increases to guarantee fees, which the groups argued would hurt the housing market.

The FHFA’s plan would raise the base g-fee for all mortgages by 10 basis points, change the up-front fees charged to borrowers in different risk categories and eliminate the 25-basis point “adverse market charge” in most states. G-fees are charged by Fannie Mae and Freddie Mac to protect their portfolios against credit losses.

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