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Adverse market Fee
Posted by Luckydog of FL on 11/21/20 10:12amMsg #626683
Fannie Mae and Freddie Mac instituted a new “Adverse Market Refinance Fee.” It adds a 50 basis points fee (0.5%) to most mortgage refinances starting Dec 1, 2020. One industry group says the new fee increases the average cost of a refinanced mortgage by $1,400.

This week was considerably slower than the last few...not sure if it's the wind down now to the holidays and then the looming Adverse Marketing Fee about to take effect. January is always our worst month anyway. Does anyone have a finger on the new application market?
Be prepared I guess for the next few months. I think the roller coaster hit its peak, and we maybe coming back down slowly. I survived 2-3 of these, not fun when they do. jmo
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Messages in this Thread
 Adverse market Fee - Luckydog on 11/21/20 10:12am
 To cover projected Covid-19 losses - Bear900/CA on 11/21/20 12:55pm
 Re: To cover projected Covid-19 losses - Luckydog on 11/21/20 1:07pm
 Re: To cover projected Covid-19 losses - Bear900/CA on 11/21/20 4:41pm
 Should be GSE n/m - Bear900/CA on 11/21/20 4:42pm
 And 2008. Sheesh - Bear900/CA on 11/21/20 4:44pm
 Re: To cover projected Covid-19 losses - Luckydog on 11/21/20 5:56pm
 Re: To cover projected Covid-19 losses - Bear900/CA on 11/21/20 6:49pm
 Adverse Market Fee - notarydi/CA on 11/22/20 2:05pm
 Re: Adverse Market Fee - Luckydog on 11/22/20 2:43pm
 How do you know if you are pricing yourself out of the - ananotary on 11/23/20 1:19pm
 Re: How do you know if you are pricing yourself out of the - Luckydog on 11/23/20 6:36pm
 If you're being hung up on when negotiating...you're doing - ananotary on 11/23/20 7:43pm
 Agree... -  JanetK_CA on 11/24/20 12:27am
 Re: Agree... - ananotary on 11/24/20 1:13pm
 Re: Agree... - Luckydog on 11/24/20 7:35pm
 Don't think we are taling about the same thing when - ananotary on 11/25/20 7:45am
 Re: Don -  JanetK_CA on 11/25/20 4:17pm
 Thanks for confirming what a BWR told me this afternoon. - Alz on 11/22/20 8:52pm
 4 months?? No, not even close. - NVLSlady/VA on 11/22/20 8:25pm
 Re: Adverse market Fee -  Cheryl Elliott on 11/23/20 4:16pm



 
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