Every family needs a home, and so many risks are created by a standard 30-year mortgage in America. Finding an investor to take every risk is the work of Rub Goldberg’s paradox, which is the US housing-finance industry. How it all fits together investors will one day be seen wandering …
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getty With mortgage rates still on historical lows, it may seem like a good time to refinance. Kick off September 1sthowever, the cost of refinancing a mortgage goes up because of economic risks associated with Covid-19. Both Freddie Mac and Fannie Mae have announced a new mortgage rate of 0.5%. …
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WASHINGTON – The Trump administration has criticized a move by mortgage lenders Fannie Mae and Freddie Mac to impose a new fee on certain mortgages, saying it would be detrimental to consumers. “The White House has serious concerns about this action, and is monitoring it,” a senior White House official …
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Text size Andrew Harrer / Bloomberg With interest rates on historic leases, a new fee could make it more expensive to refinance your mortgage, experts say. Fannie Mae (ticker: FNMA) and Freddie Mac (FMCC) announced a new 0.5% fee on limited cash-out refinances and cash-out refinances on Wednesday night. The …
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If you are in the process of refinancing your mortgage, you may end up paying more than you expected. Fannie Mae FNMA, + 1.42% and Freddie Mac FMCC, + 1.67% announced Wednesday night that they will now charge a 0.5% negative market fee on all refinances, including both cash-out and …
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