Trump Administration Criticizes New Fannie Mae, Freddie Mac Mortgage Fee

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The Trump administration criticized a move by mortgage-finance companies Fannie Mae and Freddie Mac to charge a new fee on certain mortgages, saying it would harm consumers

WASHINGTON—The Trump administration criticized a move by mortgage-finance companies Fannie Mae and Freddie Macto charge a new fee on certain mortgages, saying it would harm consumers.

“The White House has serious concerns with this action, and is reviewing it,” a senior White House official said in a written statement late Thursday. “It appears only to help Fannie and Freddie and not the American consumer.”

 

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Clearly a cash grab.

Biden=China=Nazy

step into my office, because you're fired

Another fee...do they not get enough with forcing borrowers to buy mortgage insurance the benefits them not the borrower. Could not wait to refinance mine to get out from under that monthly fee. Saved me $200 a month.

IrishMartinRyan savestpauls

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