Homeowners looking to refinance their mortgages could have an easier time getting a lower rate, with Fannie Mae and Freddie Mac’s federal regulator eliminating a 50-basis point refinancing fee that was intended to help the mortgage giants cover at least $6 billion in anticipated losses due to the pandemic.
Source: Inman News
Fannie and Freddie will eliminate mortgage refinancing fee starting Aug. 1
Published in fannie mae, Federal Housing Finance Agency, freddie mac, Mortgage, refinancing, Regulations and Sandra Thompson
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