Fannie Mae Lifts Fees, Changes Loan-Level Pricing

"Likely looking to build its capital base, Fannie Mae (FNM: 12.32 +4.14%) on Monday announced that it was doubling its so-called adverse market delivery charge on all loans it purchases from 25 to 50 basis points — a fee that HW’s sources said is likely to be passed on to consumers by already-strapped lenders, with some caveats. The new fee structure will become effective October 1, and applies to all loans sold to the GSE."