On Monday, the Federal Housing Finance Agency (FHFA) announced that all approved lenders will have access to a fee-based alternative to repurchase Freddie Mac’s performing loans with defects, expanding a pilot program launched earlier this year.

In addition, the FHFA announced that government-sponsored enterprises (GSEs) will give 60 days of advance notice for increases to their base guarantee fees greater than one basis point when the loans are delivered through the mortgage-backed security swap channel.

Regarding repurchasing loans, Naa Awaa Tagoe, deputy director of the division of housing mission and goals at the FHFA, explained that through the details ⇒

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