When it reains it pours……according to this article on yahoo.com Fannie Mae will be increasing it’s “adverse market” delivery fee from loan originators. What does this mean to consumers today?…..higher costs for loans. The adjusted fee will impact ALL mortgage lenders and be built into the points and/ or fee structure that gets proposed to consumers.
The fee increase will likely transalte into points of .25% higher OR an interest rate of .125% higher than what would otherwise be available. As my father in law would say, “Bummer man”.