Adverse Refinance Fees To End On August 1st

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In: Refinance News

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During the pandemic when more homeowners were trying to take advantage of historically low mortgage rates the adverse refinance fees made refinancing expensive, which will end on Aug. 1. Many politicians and people from the industry along with homeowners wantedContinue Reading

FHFA Decides To Abort Its Adverse Market Refinance Fees

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In: Refinance News

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During the pandemic last year the Federal Housing Finance Agency (FHFA) had imposed costly mortgage refinance fees, which it is eliminating. The Adverse Market Refinance Fee cost 50 basis points, and the lenders were required to pay Fannie Mae andContinue Reading

Is the adverse market refinance fee on mortgages really needed?

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In: Refinance News

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Last updated on October 3rd, 2023 at 01:35 amFannie Mae and Freddie Mac released their Q3 earnings last week, reflecting a combined $6.7 billion in net income, up significantly from the previous quarter.  This strong performance was not unexpected, but makesContinue Reading

Refinance Now To Avoid The Adverse Market Refinance Fee Hits

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In: Refinance News

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Last updated on February 3rd, 2021 at 11:36 amYou have less than 2 months to save on the refinance fees. If you’re looking to refinancing your home, then now is the time. Starting December 1, 2020, the mortgage companies, Fannie Mae andContinue Reading

Costly New Fee On Refinance Gets Pushed To December

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In: Refinance News

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Last updated on February 3rd, 2021 at 10:18 amThe coronavirus pandemic has put an economic strain on many American homeowners. Last week the mortgage giants Fannie Mae and Freddie Mac decided to levy an adverse market refinance fee of 0.5%Continue Reading

The Controversial refinance fee of 0.5% delayed by Fannie Mae and Freddie Mac

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In: Mortgage News, Refinance News

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Last updated on February 3rd, 2021 at 10:16 amEarlier this month it was reported that if you’re in the process of refinancing your mortgage, you may end up paying more than you expected.  Fannie Mae and Freddie Mac said that they will startContinue Reading

Is the Sudden Refi fee to help fulfill the goal of recapitalization by FHFA?

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In: Mortgage News, Refinance News

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Last updated on February 3rd, 2021 at 10:10 amFannie and Freddie plan to charge lenders an extra 0.5% on most purchases of refinanced loans.  Mortgage experts say this comes with an unexpected price for lenders. Lenders face the prospect of millions of dollarsContinue Reading