The government-controlled companies, which back nearly half of the $11 trillion U.S. mortgage market, said late Wednesday that they would begin charging lenders the added fee next month. It will apply to most loans they buy that borrowers have refinanced to lock in a lower interest rate.
Nothing but a hidden tax that will be passed onto homeowners. .500% pricing bump to all refinances, shady.
Goes against what the federalreserve realDonaldTrump attempts to help stimulate economy and consumers hit again pay more for the pandemic. Not right MarkCalabrianeedstogo
Biz model: “Fannie and Freddie buy mortgages from lenders, package them into securities that are sold to investors and provide guarantees to make the investors whole if the loan defaults. They don’t lend to homeowners.” Banksters sure know how to run the country.
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Call it what it is more f****** fees
FUTURENEWS2020 So, the one big question on all our minds. Crash BEFORE election resulting in Biden or FED holds it off until after the election and Trump gets re-elected. Of course there's a 3rd option, major war breaks out, no election type idea. Thoughts?
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Everybuddy stay on the street and homeless. There are a number of actual satans attempting to count to suicide king with all your decks strewn across a poker table inside right now. Women aren't allowed.
Just more of the same lender gouging. The VA funding fee is already the same abomination. It’s not about maintaining and funding the original Amercan Dream, it’s now all about lending greed controlled by elites who want more than anything to have everything...and then some.
Marxist Maxine at it again.