What Does the Adverse Market Fee Mean for the Housing Industry?

Builder, Dec. 9, 2020–Nicollette Chapman
“The [Mortgage Bankers Association] has been a great advocate for our members and our industry to ensure there’s ongoing collaboration with the FHFA and the GSEs to manage risk and affordability for purchase and refinance transactions,” says Ken Bernardo, senior vice president, builder division at Truist. “Rates are still at record lows for consumers to take advantage of the monthly savings in payment whether they’re refinancing their existing home or purchasing a resale or newly built home.”