“Requiring Fannie Mae and Freddie Mac to charge a 0.5% fee on refinance mortgages they purchase will raise interest rates on families trying to make ends meet in these challenging times. This means the average consumer will be paying $1,400 more than they otherwise would have paid. Even worse, the September 1 effective date means that thousands of borrowers who did not lock in their rates could face unanticipated cost increases just days from closing.” --MBA Senior Vice President of Legislative and Political Affairs Bill Killmer.

Join MBA policy staff and industry experts this afternoon for a critical discussion on the impact of Wednesday’s GSE announcement on TRID disclosures. While this topic will continue to evolve in the coming days, attendees can expect to learn about the immediate concerns and questions that will most likely impact your business and processes.