Skip to Main Content
Carrington Mortgage Services, LLC
Skip to Main Content

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)

CAREERSINVESTORSABOUT USCORRESPONDENT

Equal Housing Opportunity An Equal Housing Opportunity Lender. Copyright 2007 - 2024 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines.  Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

The content of this website is intended for licensed third-party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services, LLC is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram