Adverse-market fee was a “shock,” mortgage brokers say

Aug 26, 2020 |

It was almost midnight on Aug. 12, when Matt Rasetta received a text message from one of his loan officers: Fannie Mae and Freddie Mac had just announced a 0.5% adverse-market fee. The owner of Superior Rate Mortgage of New England was “sweating” as he began to read the details. Rasetta had 130 deals in […more]

Posted in: San Francisco

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