It is well known that home sales and mortgage loan statistics have reached and surpassed historic performance. With a variety of sources for how these statistics are tracked, it can become confusing to understand.
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.
Federal Housing Finance Agency, the U.S. regulator that oversees Fannie Mae and Freddie Mac, recently announced their plans to discontinue a controversial program that subsidized loans for firms that invest in single-family rental properties.