South East Real Estate and Home issued the following announcement on Aug. 26.
Many homeowners who refinance their mortgages in the next three months will avoid paying an additional fee averaging $1,400, a federal regulator said Tuesday.
Mortgage-finance giants Fannie Mae and Freddie Mac will delay a 0.5% surcharge on refinanced home loans until Dec. 1, said the Federal Housing Finance Agency, which regulates them.
The decision came after an outcry from industry groups, lawmakers and the White House, saying the fee was inappropriate in the middle of the coronavirus pandemic and would hurt consumers.
Original source can be found here.
Source: South East Real Estate and Home
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