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Updated over 4 years ago on . Most recent reply

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Abhishek Jain
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Does the new Fannie Mae Single-Family Refiance Fee apply to me?

Abhishek Jain
Posted

Hello,

I am in the process of purchasing a single-family home through a conventional 30 year loan.

Our close is days away and my Lender sends me a letter from Fannie Mae stating that we will experience a 0.5 increase to our loans. Note the letter states that Effective date ▪ Whole loans purchased on or after Sep. 1, 2020, and ▪ Loans delivered into MBS pools with issue dates on or after Sep. 1, 2020...

Our closing in on 8/17, does this apply to us??? is our lender trying to pull a fast 

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