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Removal of adverse mortgage refinance fee is great news for homeowners, expert says - here s why By Kelsey Ramirez article The Biden administration s new head of the FHFA removed the adverse market refinance fee from mortgage refinances. Here s how it impacts you. (iStock) Many homeowners were recently given an incentive to refinance their mortgage, after President Joe Biden’s administration on Friday removed the controversial adverse market refinance fee, which was added in 2020 and tacked on to refinanced mortgage loans backed by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The 0.5% fee was put in place during the coronavirus pandemic to help ease the financial burden that the GSEs faced. Both companies set up policies to help homeowners struggling to make their mortgage payments. But after Aug.1, 2021 that fee will cease to exist, and more homeowners can save money by refinancing their mortgages. 

Freddie macGses fannie maeRobert humannBob broeksmitSandra thompsonJoe bidenFreddie mac primary mortgage marketHousing finance agencyMortgage bankers associationPresident joe bidenFannie maeFederal housing finance agencyChief revenue officer robert humannActing director sandra thompsonஃப்ரெடி மேக்க்செச் பன்ணிிே மே