Reaction to Fannie and Freddie’s New Refinancing Fee

GSEs Fannie Mae and Freddie Mac announced last week that they are raising fees for lenders on all mortgage refinances by 0.5%, an effort, the enterprises say, to protect themselves from losses on their refinanced mortgages given today’s pandemic-related low interest rates. “As a result of risk management and loss forecasting precipitated by COVID-19 related economic and …

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