Lawmakers Ask Calabria to Rethink Adverse-Market Fee

HousingWire, Sept. 16, 2020–Kathleen Howley
Federal Housing Finance Agency Director Mark Calabria took fire during Congressional testimony on Wednesday about the implementation of an adverse-market fee that’s expected to add about $1,400 to the cost of refinanced mortgages delivered to Fannie Mae or Freddie Mac after Dec. 1.