• Will Removal of FHFA Adverse Market Refi Fee Lead to Consumer Savings?

    10 days ago - By RIS Media

    The Federal Housing Finance Agency just gave homeowners and lenders a savings opportunity by eliminating the Adverse Market Refinance Fee. Effective Aug. 1, lenders will no longer have to pay Fannie Mae and Freddie Mac a 50-basis point fee for refinance mortgages.
    FHFA enacted the fee in December 2020 to “cover projected COVID-19 losses.” According to the agency, the early chop can be attributed to enacted policies that lessened the impact of COVID on consumers and the markets.
    “The COVID-19 pandemic financially exacerbated America's affordable housing crisis. Eliminating the Adverse...
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