Sorry Lenders: FHFA, GSE Officials Say Mortgage Refi Fee is on Track

October 21, 2020

National Mortgage News, Oct. 21, 2020–Bonnie Sinnock (subscription)
There’s been hope among lenders who sell loans to the government-sponsored enterprises that a pending 50-basis-point refinance fee that’s been postponed could be entirely avoided. But when asked about the fee at the virtual Mortgage Bankers Association conference this week, executives at the GSEs and the director of their oversight agency all said they need to press forward with the rule that is scheduled to go into effect on Dec. 1.
https://www.nationalmortgagenews.com/news/sorry-lenders-fhfa-gse-officials-say-mortgage-refi-fee-is-on-track