2021’s Big Bad Mortgage Fee Hikes Have Been Removed! (Sort Of…)
Earlier this year, the FHFA and Treasury amended Treasury’s preferred stock repurchase agreements (PSPAs) to put limits on Fannie Mae and Freddie Mac (collectively, the GSEs). These limits resulted in widespread fee increases for several categories of mortgages with investment properties and 2nd homes taking the heaviest damage. Here’s a quick list of our previous coverage:
Initial coverage:
Fannie Warns Lenders on Investment Properties and 2nd Homes
Big Hit to Second Home and Investment Mortgages
Criticism:
UI Urges Abandoning New Fannie/Freddie Amendments
Fallout:
Calabria…
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