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Fannie, Freddie Reap Billions from ‘Adverse Market

:Fannie, Freddie Reap Billions from ‘Adverse Market’ Fee February 18, 2021

Fannie Mae and Freddie MAc funded about 1.2 million adverse market qualified refinance mortgages totaling $350 billion from Dec. 1 through Jan. 31, according to Inside Mortgage Finance. At one half-point charge, that’s a whopping $1.75 billion in adverse market fees collected in the first 60 days. Can you say jackpot?
https://www.sgvtribune.com/2021/02/18/fannie-freddie-reap-billions-from-adverse-market-fee/

 

 

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