The Federal Housing Finance Agency (FHFA) is implementing targeted increases to Fannie Mae and Freddie Mac (the enterprises) upfront fees for certain high-balance loans and second home loans. High-balance loans are mortgages originated in certain designated areas above the baseline conforming loan limit. The new fees will go into effect for deliveries and acquisitions beginning April 1, 2022, in order to minimize market and pipeline disruption.
To ensure that the enterprises continue to provide