A broad coalition of organizations representing the housing and financial services industries and public interest groups have banned together to protest the government-sponsored enterprises’ (GSE) new adverse market fee.
On Aug. 12, the GSEs announced they were adding a new 0.5 percent fee on all mortgage refinance transactions starting Sept. 1.
Read on to find out what RESPRO, the Mortgage Bankers Association, National Association of Realtors and others said in a joint statement.
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