Average Guarantee Fees Charged by GSEs Increased from 2009 to 2010

摘要

The average guarantee fee (g-fee) charged on single-family mortgages by Fannie Mae and Freddie Mac increased from 22 basis points in 2009 to 26 points in 2010, according to the annual g-fee report by the Federal Housing Finance Agency (FHFA). According to the report, the g-fees continued to provide cross-subsidies from mortgages with lower credit risk to higher-risk loans, but the overall cross-subsidization was substantially lower in 2009 and 2010 than in 2007 and 2008 because the share of higher-risk loans acquired was lower.