average fees
Defined in 1 place of the United States Code.
The term “average fees” means the average contractual fee rate of single-family guaranty arrangements by an enterprise entered into during 2011, plus the recognition of any up-front cash payments over an estimated average life, expressed in terms of basis points. Such definition shall be interpreted in a manner consistent with the annual report on guarantee fees by the Federal Housing Finance Agency.
Source
- 2011–present12 U.S.C. § 4547Banks and Banking · 4547, 4548. Repealed. Pub. L. 110289, div. A , title I, 1104(b), July 30, 2008, 122 Stat. 2667 · for purposes of this section