Fannie Mae Plan to Raise Housing Finance Costs

Reuters reports:

As of March 1, 2008, Fannie Mae plans to charge lenders an additional 25
basis points across the board for loans purchased for portfolio as well as for
loans delivered into its guaranteed mortgage-backed securities. It appears
this action is being taken specifically to ensure that Fannie Mae meets a 30
percent minimum capital surcharge imposed by the Office of Federal Housing
Enterprise Oversight (OFHEO) as a result of financial difficulties that Fannie
Mae has been working through since 2004.

Sounds like credit really isn't "easing".