FHFA reports decline in single-family guarantee fees
December 23, 2025 / By ICBA
The Federal Housing Finance Agency said the average single-family guarantee fee decreased to 65.2 basis points in 2024 from 65.5 in 2023.
Details: In its latest annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac, the FHFA said:
The upfront portion of the g-fee, which is based on credit risk attributes, declined from 18.0 basis points in 2023 to 16.1 basis points in 2024.
Upfront fees declined due to the Enterprises’ acquisition during 2024 of certain loans with limited guarantee fees designed to support the Enterprises’ housing mission.
Average guarantee fees remained constant on 30-year and 15-year fixed rate products at 66 basis points and 47 basis points, respectively.
Background: Guarantee fees are intended to cover the expected credit losses, administrative costs, and cost of capital that the enterprises incur when they acquire single-family loans from lenders.
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