These changes may compound the impact of changes in segments such as 2nd homes and condos that have seen several rule changes over the last 12 months and face new changes on documentation and reserve requirements. This change will have an impact on affordability in high-cost areas (California, Chicago, Washington, D.C., etc.) and areas with concentrations of second homes such as coastal markets. 4.05% vs 4% today) higher on high-cost and 0.225% to 0.75% higher on 2 nd homes. The fees translate into roughly 0.05%-0.15% (e.g. The fee increases will not apply to the Enterprises’ products for low-down payment borrowers whose income is 100% or below the local average median income. UPDATE January 5, 2022: The Federal Housing Finance Agency (FHFA) just announced that they will direct Fannie Mae and Freddie Mac (the Enterprises) to raise their guarantee fees (g-fees) on high-cost loans and 2 nd homes starting April 2nd. Tell Your Story: Fannie Mae/Freddie Mac Lending Guidelines ApUPDATE April 8, 2022: Have you had a deal fall through due to the new Fannie Mae/Freddie Mac guidelines? If so, we want to hear your story! Click here to submit details, which will be used in our legislative efforts. Customizable Social Graphics with Photofy.Designations, Certifications & Hot Topics.REALTORS ® Political Action Committee (RPAC).

The Chicago Association of REALTORS® Foundation.

Fannie mae or freddie mac guidelines