New FHFA Director Will Delay Fannie Mae, Freddie Mac Fee Increases

The incoming director of FHFA said he plans to delay the increase in mortgage fees charged by the housing-finance giants that the agency announced this month.

U.S. Representative Mel Watt is scheduled to be sworn in as director of the Federal Housing Finance Agency on January 6^th.

FHFA’s earlier announcement of fee increase

Earlier this month, FHFA which is regulating the Fannie / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie / Federal Home Loan Mortgage Corp (OTCBB:FMCC), announced that they...