Fannie Mae to Lift Mortgage Fees, Raising Loan Costs

[moh malekpour]

http://www.bloomberg.com/apps/news?pid=20601087&sid=awmXieu6LR84&refer=home

Fannie Mae, the largest U.S. mortgage- finance company, will raise a fee that the company charges lenders to buy their mortgages or guarantee home-loan securities, potentially boosting costs for borrowers.

Fannie Mae's ``adverse market delivery charge'' introduced earlier this year for all mortgages that the company helps finance will rise to 0.50 percentage point on Oct. 1, from 0.25 percentage point, according to a letter to lenders posted on the Washington-based company's Web site.