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 6th. 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 would increase the mortgage fees charged by the GSEs to guarantee home loans to make their services less competitive…