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Updated over 4 years ago,

Paul Shannon's profile image
Paul Shannon's profile image
Paul Shannon
  • Rental Property Investor
  • from Fishers, IN
  • Member since Oct 25, 2016
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User Stats

335
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469
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Paul Shannon's profile image
Paul Shannon's profile image
Paul Shannon
  • Rental Property Investor
  • from Fishers, IN
  • Member since Oct 25, 2016
Connect
Paul Shannon
  • Rental Property Investor
  • Fishers, IN
469
Votes |
335
Posts
Private Lending & Conventional Mortgage Advice

Fannie & Freddie Delaying New Refinance Surcharge Until 12/1/10

Paul Shannon
  • Rental Property Investor
  • Fishers, IN
Posted

FHFA about two weeks ago proposed an "adverse market" refinance fee of .5% of the loan amount to begin on 9/1 for all refi mortgages back by Frannie or Freddie.  The WSJ's Andrew Ackerman minutes ago reported that the FHFA is standing down, delaying this surcharge until 12/1.  

Get your refis in soon!  Good news there's still time to avoid this clear money grab.   

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