Freddie Mac issued Bulletin 2020-32: Adverse Market Refinance Fee (Bulletin). The Bulletin announces a new 50 basis point (0.500%) Market Condition Credit Fee in Price (MCCFP). An MCCFP will now be assessed for cash-out and no cash-out refinance mortgages and is in addition to the existing Cash-out Refinance Indicator Score/Loan-to-Value Credit Fee in Price. The new MCCFP applies to refinance mortgages with settlement dates on or after September 1, 2020.
Click to view the Freddie Mac Bulletin 2020-32: https://www.tenaco.com/wp-content/uploads/2020/08/Freddie-Mac-Bulletin_2020-32.pdf
