Fannie Mae and Freddie Mac CEOs Address Industry on Refinance Fee Grievances

HousingWire, Aug. 20, 2020–Julia Falcon
“Contrary to much of the criticism we have received since making this announcement, this will generally not cause mortgage payments to ‘go up.’” the letter states. “The fee applies only to refinancing borrowers, who almost always use a refinancing to lower their monthly rate,” the letter states. (MBA mention)