Los Angeles CA Real Estate: Fannie And Freddie Cut Fees
Tuesday, October 14, 2008
Mortgage finance companies Fannie Mae and Freddie Mac, seized by the federal government last month, are rolling back fee increases imposed as they struggled to shore up their finances over the past year.
Freddie Mac said today it would not impose a fee increase scheduled to go into effect next month. The announcement followed a similar reversal by Fannie Mae.
