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ABA: The American Bankers Association
Statement

ABA Statement on FHFA Decision to Delay Refinance Fee

“Today's FHFA decision to delay implementation of the new Adverse Market Refinance Fee from Fannie Mae and Freddie Mac and to limit the scope of homeowners impacted is an important step in the right direction that will help lower-income borrowers in particular. We will continue to urge FHFA to carefully assess whether this fee, even delayed until December, could unnecessarily harm struggling homeowners and the broader economy."

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $22.5 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $18 trillion in deposits and extend nearly $11 trillion in loans.

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Blair Bernstein

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