Fannie Mae-No Politics (FNMA)

[Wise Man]

That article is wrong. My estimation based on the recent earnings report, is that FnF refinanced $190 billion worth of mortgages in the last three months of 2020.
Then, for the months of December and January, presumably they've refinanced $127 billion, at a 0.5% fee, it's $634 million, assuming that all the borrowers qualify, when that's not true because the mortgages below $120,000 don't qualify for this fee. Whereas the article claims that FnF earned $1.75 billion in adverse market fees in these two months.

F and F funded about 1.2 million adverse market qualified refinance mortgages totaling $350 billion from Dec. 1 through Jan. 31, according to Inside Mortgage Finance. At one half-point charge, that’s a whopping $1.75 billion in adverse market fees collected in the first 60 days.

Also, $2,500 isn't $33 per month mortgage payment.