--- title: FHFA to eliminate the adverse market refinance fee description: The Federal Housing Finance Agency announced that the Adverse Market Refinance Fee of 0.500% will be eliminated for loans delivered to the GSEs. image: https://blog.docmagic.com/hubfs/Human%20hands%20holding%20model%20of%20dream%20house.jpeg --- - [INFO@DOCMAGIC.COM](mailto:info@docmagic.com) - | - [PHONE (800) 649-1362](tel:+8006491362) [![Home](https://blog.docmagic.com/hs-fs/hubfs/DocMagic_May2018/Images/logo.png?width=1172&height=232&name=logo.png "Home")](https://www.docmagic.com/) [![Home](https://blog.docmagic.com/hs-fs/hubfs/DocMagic_May2018/Images/logo.png?width=1172&height=232&name=logo.png "Home")](https://www.docmagic.com/) - [Solutions](https://www.docmagic.com/solutions) - [Solutions Innovative, automated, and compliant technology solutions designed to advance every stage of your mortgage loan process](https://www.docmagic.com/solutions) - [Document Generation We ensure data and document accuracy from initial disclosures to closing](https://www.docmagic.com/document-generation) - 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As previously **[reported](https://www.docmagic.com/node/9509)** by DocMagic, the Adverse Market Refinance Fee was announced in August 2020 and implemented by the GSEs for most refinance mortgages above $125,000 in December 2020. The GSEs advised at the time that the new fee was necessary to manage risks and forecasted losses that would result from the COVID-19 pandemic.   However, the pandemic did not bring about the losses that were expected as the GSEs have continued to **[post](https://www.fanniemae.com/media/38261/display) **gains throughout the pandemic. Also, in April 2021, the GSEs reported that the COVID-19 forbearance rate was down to 2%, from a high of approximately 5% in mid-2020. The FHFA announcement states that the “COVID-19 policies reduced the impact of the pandemic and were effective enough to warrant an early conclusion of the Adverse Market Refinance Fee.” FHFA’s recently appointed Acting Director, Sandra L. Thompson, stated that “the COVID-19 pandemic financially exacerbated America’s affordable housing crisis. Eliminating the Adverse Market Refinance Fee will help families take advantage of the low-rate environment to save more money.” **Related Content:** - [CFPB report finds several mortgage-related violations in 2020](https://blog.docmagic.com/cfpb-report-supervisory-highlights-2020-mortgage-violations) (7/20/2021) - [FHFA director replaced following Supreme Court decision](https://blog.docmagic.com/fhfa-director-replaced-following-supreme-court-decision) (7/6/2021) - [GSE guidance for revised General QM definition](https://blog.docmagic.com/gse-guidance-for-revised-general-qm-definition) (6/7/2021) One partner. One platform. A complete solution. Let us digitally transform your mortgage process for increased efficiency and ROI. See how by scheduling a demo today. 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