Iowa Bankers Association Iowa Bankers Insurance & Services, Inc.
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
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Fannie, Freddie Reap Billions from ‘Adverse Market

:Fannie, Freddie Reap Billions from ‘Adverse Market’ Fee February 18, 2021

Fannie Mae and Freddie MAc 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. Can you say jackpot?



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