Dear readers —
On Saturday the Wall Street Journal reported (and our sources confirmed) that the FHFA was speaking with industry trade groups about potentially delaying the LLPA fee on refinance loans, which had been set to launch Sept. 1. On background, several people said it was an extremely fluid situation, but they expected something to happen.
Today we saw the fruit of those discussions, as the FHFA announced it was not only delaying the start date to Dec. 1, but also exempting refinance loans with loan balances below $125,000. Read all about it in our coverage here.
Until tomorrow —
HousingWire Editor in Chief