The Federal Housing Finance Agency this afternoon said Fannie Mae and Freddie Mac would delay implementation of a controversial Adverse Market Refinance Fee by two months, to Dec. 1.
Category: News and Trends
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“We welcome today’s announcement from the FHFA amending the recently announced Adverse Market Refinance Fee from Fannie Mae and Freddie Mac. Extending the effective date will permit lenders to close refinance loans that are in their pipelines and honor the rate lock commitments they made to their borrowers, ensuring that economic relief in the form of record low interest rates will continue to flow to consumers.”
–MBA President and CEO Robert Broeksmit, CMB.
FHFA Delays Refi Fee Implementation to Dec. 1
The Federal Housing Finance Agency this afternoon said Fannie Mae and Freddie Mac would delay implementation of a controversial Adverse Market Refinance Fee by two months, to Dec. 1.
State Regulators Seek Industry Input on MLO Licensing Test
State financial service regulators launched a survey of licensed mortgage loan originators yesterday to gather information on various job functions as part of a process to validate the nationwide licensing exam.
COVID is Accelerating CRE Trends
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Consumer Confidence Falls to 6-Year Low
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July New Home Sales Hit 13-Year High
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Strong Fundamentals Keep Home Prices on Steady Rise
S&P Dow Jones Indices, New York, said S&P CoreLogic Case-Shiller Indices showed U.S. home prices rose by 4.3 percent annually in June, unchanged from May.
Dealmaker: Tauro Capital Advisors Secures $50M for Triple-Net-Lease Developers
Tauro Capital Advisors, Los Angeles, secured $50 million in revolving debt facilities for single-tenant triple-net-lease property developers.
Mortgage Applications Down Again in MBA Weekly Survey
Mortgage applications fell for the second straight week amid little movement in interest rates, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending August 21.