Fannie Mae-No Politics (FNMA)

[stockprofitter]

We’re in a much better place, we are golden.



The policy, which was reported earlier by The Wall Street Journal, will apply to mortgages used to purchase new homes and some refinanced mortgages that lenders were poised to sell to Fannie and Freddie before the borrowers sought forbearance shortly after closing on their loans.

The loans will be priced "to mitigate the heightened risk of loss" to Fannie and Freddie, the FHFA said in a statement.

Lenders will be charged fees equivalent to 5% to 7% of the value of the loan. For example, a lender who makes a loan of $200,000 might be charged $10,000 or more to sell the loan.

3 million loans at 10K is $30B dollars incoming