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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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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The coronavirus pandemic has led to a dramatic decline in mortgage rates. But that doesn’t mean that now is a good time to refinance for everyone. Last week, Freddie Mac FMCC, -0.94% It reported that mortgage rates hit a new record low for the fourth time this year, with the …
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