FHFA Rescinds Upfront Fees: Promoting Affordable Mortgage Credit

In a recent development, the Federal Housing Finance Agency (FHFA) has made an important announcement that will have a significant impact on the mortgage industry. The FHFA has decided to rescind the upfront fees based on borrowers’ Debt-to-Income (DTI) ratios for loans acquired by Fannie Mae and Freddie Mac. This decision comes after careful consideration […]