Section 1601 of the Housing and Economic Recovery Act of 2008 (HERA) requires the Federal Housing Finance Agency (FHFA) to conduct an ongoing study of the guarantee fees charged by Fannie Mae and Freddie Mac and to submit annual reports to Congress, based on aggregated data collected from the Enterprises, regarding the amount of such fees and the criteria used by the Enterprises to determine them. This report, the third prepared by FHFA in fulfillment of Section 1601, covers guarantee fees charged by the Enterprises in 2009 and 2010.[1] The report focuses on fees charged by the Enterprises for guaranteeing conventional single-family mortgages—loans that are not insured or guaranteed by the federal government and that finance properties with four or fewer residential units.
[1] The earlier reports covering guarantee fees charged by the Enterprises in 2007-2008 and 2008-2009 can be found at the following links:
Enterprise Guarantee Fees for 2007-2008
Enterprise Guarantee Fees for 2008-2009