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FHFA Ends Adverse Market Fee

The Federal Housing Finance Agency has announced that it is eliminating the so-called adverse market fee. So reports MarketWatch.

FHFAFirst announced last August, the 0.5% fee applied to mortgage refinances over $125,000 delivered to Fannie Mae and Freddie Mac.

The FHFA said that Fannie and Freddie’s successful cost reduction efforts have “reduced the impact of the pandemic and were effective enough to warrant an early conclusion” of the adverse market fee.

Read the full article from MarketWatch.

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