Dole-Outs from GSEs A Big No-No

By Karen Sibayan

October 20, 2008

Fannie Mae announced two weeks ago that it would cancel the planned increase in its adverse market delivery fee. The hike would have taken effect Nov. 1. The GSE's move is in line with Treasury Secretary Henry Paulson's mandate to boost the availability of mortgage credit, which includes looking into the guaranty fee structure of Fannie and its rival Freddie Mac. Keeping down agency fees is a way to ensure mortgages remain affordable.

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