FHFA Spikes Adverse Market Fee
The Federal Housing Finance Agency is offering a weekend present to loan originators looking for refinance business this summer by announcing the end to its Adverse Market Fee.
The Federal Housing Finance Agency is offering a weekend present to loan originators looking for refinance business this summer by announcing the end to its Adverse Market Fee.
With mortgage loan rates remaining at historically low levels last week, the mortgage industry could see the refinance boom continue despite a new fee assessed on lenders.
Fannie Mae and Freddie Mac are tacking on a fee to refinance transactions, and major mortgage industry trade groups are upset.