FHFA Eliminates Adverse Market Refinance Fee

In This Issue. The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will no longer charge lenders the Adverse Market Refinance Fee; the Federal Deposit Insurance Corporation (FDIC) is seeking comment on proposed amendments to its regulations governing deposit insurance coverage; the Office of the Comptroller of the Currency (OCC) intends to propose rescinding the Community Reinvestment Act rule issued in May 2020, and will work with the Board of Governors of the...
By: Goodwin