Sunday, January 4, 2009

Realtor's Aren't Happy With Fannie Mae Risk-Based Pricing Increases.

WSJ story HERE. Story says: "A Fannie spokesman said the higher fees are targeted at some of the highest-risk loans, such as those allowing deferment of principal payments and those allowing borrowers to draw cash when they refinance. He said Fannie and Freddie in October canceled plans for an increase in another fee that applies more generally to mortgages."

Fannie Mae Lender Announcement Letter 08-38, explaining changes is HERE.

Fannie Mae Loan Level Pricing Matrix and Adverse Market Delivery Charge document is HERE.

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