Fannie Mae is increasing its "adverse market" delivery fee from 25 basis points to 50 bps starting Oct. 1. "This upfront charge primarily addresses continuing market deterioration and applies to all loans," whether under standard or negotiated terms, the mortgage giant said. The secondary-market agency is also adjusting its loan pricing, and it appears to favor loans with private mortgage insurance and loan-to-value ratios above 85%. "We are increasing loan-level prices on certain mortgages with loan-to-value ratios of 75.01%-85%," Fannie says. The government-sponsored enterprise can be found on the Web at http://www.fanniemae.com.
Processing Content
