The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will eliminate the 50 basis point “Adverse Market Refinance Fee” for loan deliveries effective August 1.
On Friday, FHFA announced the removal of the GSEs’ 50-basis-point adverse market fee in response to both industry advocacy and improved market conditions.
Good morning! Welcome to a new week.
MBA CONVERGENCE, the Mortgage Bankers Association’s initiative to promote minority homeownership opportunities, launches its second major pilot program July 21 in Columbus, Ohio.