Bulletin W1276 - Pricing Adjustments and Extension Costs Associated with G-Fee Increases
September 12, 2012
This bulletin highlights the increase of the guarantee fee (g-fee) increases mandated by the Federal Housing Finance Agency (FHFA).
- Effective immediately new 45 and 60 day locks will have the new increased fee built into the base pricing
- On September 16, the 30 day pricing will reflect the new fee increase
- On October 1, the 15 day pricing will reflect the new fee increase
- Conventional Conforming loans that are locked on or before September 16 that need to be extended beyond October 16 to fund will be subject to an additional 50 basis point price adjustment over and above normal extension costs
- This applies to all relocks and all other extension scenarios
- All other extension costs for loans locked on or after October 1 will be subject to the current extension fees as listed on the daily rate sheet
Download: Bulletin - #W1276 (PDF)
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