Fannie Raising Delivery Fees for Most Long-Term Mortgages, Hits Cash-Out Refinance Market
January 8, 2009
Fannie Mae late last month announced another round of fee increases that will cover most of the company’s business, targeting loans to borrowers with lower credit scores in particular. The government-sponsored enterprise’s latest price increase sparked an immediate response from the National Association of Realtors, which asked Fannie’s regulator to intervene...