Fannie Mae and Freddie Mac will increase by an average of 10 basis points the fees they charge lenders to guarantee mortgages, the Federal Housing Finance Agency said Friday.
FHFA Acting Director Edward J. DeMarco called for the increases, starting in November, to help restore the taxpayer- owned companies to fiscal stability and shrink their footprint in the mortgage market, where they now own or guarantee about 60 percent of U.S. home loans.
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