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FHLMC's New Guidelines to Slow Refis: New delivery fee structure will impact refi transaction costs

Freddie Mac's new, stricter guidelines for the delivery fee structure of 30-year mortgages might hinder refinancings. The just-announced fee structure based on both FICO and LTV decreases the fee on low LTV/low FICO borrowers, while penalizing borrowers with high LTVs. These will become effective for settlements starting June 1. The...

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