Geeze! I can't believe they're doing this again. Truthfully, I don't "get" the Adverse Market Fee - which is now a full half percent on EVERY loan. Why don't they just increase their rate to make up for it? It must sound better politically if Fannie (and Freddie) can quote lower rates for the media, yet still end up with a higher yield.
And don't let the October 1st date fool you, either.
(Fannie Mae Announcement 08-18, August 4, 2008)
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