#Freddie mac live chat update#

REALTORSВ® oppose g-fee increases, but to the extent that these help Fannie and Freddie to maintain broad liquidity as the federal government pulls back on its unprecedented support during the pandemic, the changes could be helpful.Д«ack in January, the FHFA put caps on how many second and investor loans the Enterprises could by as well as loans for borrowers with multiple risk factors like first-time and under-served borrowers. These changes may compound the impact of changes in segments such as 2nd homes and condos that have seen several rule changes over the last 12 months and face new changes on documentation and reserve requirements. This change will have an impact on affordability in high-cost areas (California, Chicago, Washington, D.C., etc.) and areas with concentrations of second homes such as coastal markets. 4.05% vs 4% today) higher on high-cost and 0.225% to 0.75% higher on 2 ndВ homes. The fees translate into roughly 0.05%-0.15% (e.g. The fee increases will not apply to the EnterprisesвЂ™ products for low-down payment borrowers whose income is 100% or below the local average median income.

#Freddie mac live chat update#

UPDATE January 5, 2022: The Federal Housing Finance Agency (FHFA) just announcedВ that they will direct Fannie Mae and Freddie Mac (the Enterprises) to raise their guarantee fees (g-fees) on high-cost loans and 2 nd homes starting April 2nd. Customizable Social Graphics with PhotofyДЇannie Mae Announces Temporary Lending Guidelines for Condominiums December 10, 2021.Designations, Certifications & Hot Topics.REALTORS В® Political Action Committee (RPAC).The Chicago Association of REALTORSВ® Foundation.