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
More from fannie maeMore posts in fannie mae »
- Lamacchia: ‘Nothing’s changed’ about mortgage commission rules
- Consumer housing sentiment drops for first time since November
- Biden’s relaxed new Freddie, Fannie refi requirements irk title industry
- New rules for scoring mortgage borrowers coming in Q4 2025
- Strength in home prices helped boost Fannie, Freddie 2023 profits
More from Federal Housing Finance AgencyMore posts in Federal Housing Finance Agency »
- New credit scores from FICO, VantageScore gaining traction
- Rocket Mortgage now pricing loans of up to $750,000 as conforming
- Home prices rose in May in defiance of down housing market
- Home prices ticked up in April as market faced a mixed bag
- Republicans turn up heat on Fannie and Freddie mortgage fee flap
More from freddie macMore posts in freddie mac »
- Lamacchia: ‘Nothing’s changed’ about mortgage commission rules
- Biden’s relaxed new Freddie, Fannie refi requirements irk title industry
- New rules for scoring mortgage borrowers coming in Q4 2025
- Strength in home prices helped boost Fannie, Freddie 2023 profits
- New credit scores from FICO, VantageScore gaining traction
More from MortgageMore posts in Mortgage »
- Maxwell’s AI tool probes inner workings of mortgage lending
- UHM revamps leadership team to support growing national footprint
- Lamacchia: ‘Nothing’s changed’ about mortgage commission rules
- Digital insurance marketplace Matic grows mortgage clientele
- Shape real estate’s future: Take the Inman Intel Index survey for April
More from refinancingMore posts in refinancing »
- Mr. Cooper now collects payments on $1T in mortgages amid big Q4
- Falling mortgage rates haven’t sparked homebuyer stampede
- Rocket back in the black after boosting purchase market share
- Mr. Cooper’s share price soars with $1T servicing portfolio in sight
- Mr. Cooper lays out path to $1T mortgage servicing rights portfolio
More from RegulationsMore posts in Regulations »
- Lamacchia: ‘Nothing’s changed’ about mortgage commission rules
- Proptech investment is way down — but these 4 areas still see demand
- Industry gets some clarity on mortgage commission rules
- UWM CEO Mat Ishbia claims Rocket Mortgage behind attacks
- Nation’s largest mortgage lender shorted by Park Avenue hedge fund
More from Sandra ThompsonMore posts in Sandra Thompson »
- Biden’s relaxed new Freddie, Fannie refi requirements irk title industry
- Regulator rescinds new Fannie, Freddie fee for riskier borrowers
- Fannie and Freddie’s fees going up Monday despite lender objections
- Mortgage, tech experts invited to brainstorm ideas at ‘TechSprint’
- Fannie, Freddie ordered to slash fees for many first-time homebuyers
Be First to Comment