SFA Applauds FHFA Targeted Increases to Enterprise Pricing Framework
The Structured Finance Association (SFA) today released the following statement after the Federal Housing Finance Agency (FHFA) announced targeted increases to government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac’s upfront fees for certain high balance loans and second home loans.
“This is the right move on FHFA’s part, as guaranteeing $1 million homes is a far cry from the core mission of Fannie Mae and Freddie Mac,” said Michael Bright, CEO of the Structured Finance Association. “We have seen the private-label securities market meet demand, and the private market can provide credit to borrowers affected by this change. In fact, SFA research has demonstrated the capacity of the private-label securities market to efficiently backfill markets outside of the GSEs’ core mission. We appreciate Acting Director Thompson’s strong commitment to sensible housing policies and continue to urge the Senate to confirm her nomination.”