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State-Level Guarantee Fee Pricing

Notice Details
Type
Public Input Notice
Number
2012-N-13
Group
Fannie Mae
Freddie Mac
Federal Register Publish Date
09/25/2012
Comment Status
Closed
Comment Open Date
09/25/2012
Comment End Date
10/25/2012
Effective Date
09/25/2012

State-Level Guarantee Fee Pricing

Contact Information

FOR FURTHER INFORMATION CONTACT: Communications may be addressed to FHFA OPAR, 400 Seventh Street SW., Ninth Floor, Washington, DC 20024, or emailed to gfeeinput@fhfa.gov. Communications to FHFA may be made public and would include any personal information provided.

Summary

SUMMARY: The Federal Housing Finance Agency (FHFA) oversees the operations of Fannie Mae and Freddie Mac ("the Enterprises''). The Enterprises are in conservatorships, and, as Conservator, FHFA has statutory obligations in its conduct of the conservatorships, including preserving and conserving assets. Though the Enterprises are congressionally chartered and federally supervised and regulated, state laws and practices can have a significant impact on their loan default costs.

This Notice sets forth an approach to adjust the guarantee fees ("g-fees'') that the Enterprises charge for mortgages that finance properties with one to four units ("single-family mortgages'') in certain states to recover a portion of the exceptionally high costs that the Enterprises incur in cases of mortgage default in those states.

Public Comments people-icon

Below are a compilation of public comments made on this notice.

60 items
Date Sort ascending First Name Last Name Organization Comment
Stephen P. Auger Florida Housing Finance Corporation View CommentView Comment Email: N/A
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Adam J. Levitin Harvard Law School Alan White, CUNY School of Law; Elizabeth Renuart, Albany Law School.…View Comment
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Ed Casanova Aerospace Federal Credit Union View CommentView Comment Email: N/A
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Jeffrey Gentes Connecticut Fair Housing Center View CommentView Comment Email: N/A
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David H. Stevens Mortgage Bankers Association (MBA) View CommentView Comment Email: N/A
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Jeff Atwater Florida Department of Financial Services View CommentView Comment Email: N/A
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Charles Schumer N/A Kirsten Gillibrand, United States Senate; Carolyn B. Maloney, United S…View Comment
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Lisa Madigan Illinois Office of the Attorney General George Jepsen, Connecticut Office of the Attorney General; Eric Schnei…View Comment
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John Peden Navy Federal Credit Union View CommentView Comment Email: N/A
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Elissa T. Wright State of Connecticut General Assembly Andrew M. Maynard, State of Connecticut General Assembly. View CommentView Comment
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George C. Jepsen Connecticut Office of the Attorney General View CommentView Comment Email: N/A
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Eric Chatman Connecticut Housing Finance Authority (CHFA) View CommentView Comment Email: N/A
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Brad R. Bergmooser Illinois Credit Union League View CommentView Comment Email: N/A
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Richard Blumenthal United States Senate Joseph I l. Lieberman, United States Senate; John B. Larson, United St…View Comment
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Alan M. White CUNY School of Law View CommentView Comment Email: N/A
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Chris Estes National Housing Conference View CommentView Comment Email: N/A
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Mark Ladov Brennan Center for Justice Matthew Menendez, Brennan Center for Justice; Arielle Cohen, National…View Comment
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N/A View CommentView Comment Email: N/A
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New Yorkers for Responsible Lending (NYRL) coalition View CommentView Comment Email: N/A
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Peter T. King N/A View CommentView Comment Email: N/A
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Carrie Hunt National Association of Federal Credit Unions View CommentView Comment Email: N/A
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Ellen Taverna National Association of Consumer Advocates (NACA) View CommentView Comment Email: N/A
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Michael A. Livermore Institute for Policy Integrity, New York University School of Law Denise A. Grab, Institute for Policy Integrity, New York University Sc…View Comment
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Marceline White Maryland Consumer Rights Coalition (MCRC) View CommentView Comment Email: N/A
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Benjamin Lawsky New York State Department of Financial Services View CommentView Comment Email: N/A
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