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Trades take victory lap after refi fee postponed
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Wednesday, September 9, 2020
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Following two weeks of intense pressure, industry trade associations celebrated an announcement from the Federal Housing Finance Agency that it would postpone the implementation of a fee on refinance loans from Sept. 1 until Dec. 1.
The agency said the fee would be necessary to help cover projected losses of $6 billion from Fannie Mae and Freddie Mac because of the pandemic.
Read on for details and reaction from the industry associations.
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