Fannie, Freddie to Delay Mortgage Refinance Surcharge Until Dec. 1

The Wall Street Journal is reporting that mortgage finance giants Fannie Mae and Freddie Mac will delay a contentious 0.5% surcharge on most refinanced home loans by three months. The Federal Housing Finance Agency said the extra fee would be delayed until Dec. 1 from Sept. 1. The decision followed an outcry from industry groups and lawmakers who said the fee was inappropriate in the middle of a pandemic.

See FHFA News Release.