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Adverse Market Fee is Being Eliminated

The Adverse Market Fee is defined as a 0.5% fee added in 2020 to refinanced mortgage loans backed by Fannie Mae and Freddie Mac (about 70% of all home loans). It was charged to lenders and usually passed on to homeowners through closing costs, as an addition to their loan amount or by a raised interest rate.

According to a July 16, 2021 press release, the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries effective August 1, 2021.

Read the Press Release here:  
FHFA Eliminates Adverse Market Refinance Fee

Additional details and insights on the positive impact this will have on the real estate industry are included in the following article by

Read the article here:  
Adverse Market Fee about to be History

Low Interest Rates and High Property Values make this is a great time for mortgage refinance, and Notary Near You is ready when you need notary services.  

Notary Near You provides a business platform that allows you to request a public notary at the touch of a button, anytime and anywhere. Contact us for all of your notary needs!  877-395-2650 Toll Free OR email: [email protected]

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Notary Near YouAdverse Market Fee is Being Eliminated

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