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Anticipated Changes from the Federal Reserve

Many people working in the real estate and mortgage industry, as well as those considering buying or selling real estate, are watching the news and reports on expected changes from the Federal Reserve.

CNBC conducted a survey and share the results in this article written by Steve Liesman for CNBC: 

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Notary Near YouAnticipated Changes from the Federal Reserve
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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.

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Notary Near YouAdverse Market Fee is Being Eliminated
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