The top 10 sellers of mortgages to Fannie Mae and Freddie Mac pay 20 basis points in guarantee fees compared to 30 basis points for firms outside the top 100, according to a new report from Keefe Bruyette & Woods (KBW).

KBW's finding is hardly surprising, but the firm believes that in time there will be more g-fee parity between these groups – especially since the Federal Housing Finance Agency (FHFA) is trying to put an end to volume discounts.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.