Smaller Lenders Take Growing Share of Fannie, Freddie
Business
The
percentage of loans that Fannie Mae and Freddie Mac purchased from small
lenders in 2014 rose substantially, according to a report yesterday from the
Federal Housing Finance Agency. The share of Fannie and Freddie single-family
mortgage acquisitions from the GSEs’ top five sellers fell from 49 percent to
39 percent, while the share sold by lenders not in the GSEs’ top 100 rose from
19 percent to 28 percent.
The report also showed that the guarantee fees lenders pay Fannie and Freddie
rose from 22 to 58 basis points from 2009 to 2014. They rose 7 basis points
between 2013 and 2014. FHFA suspended a planned G-fee increase in 2014.
--ABA Daily Newsbytes
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