/EIN News/ — Columbus, Aug. 09, 2021 (GLOBE NEWSWIRE) — JTS & Co. Mortgage Professionals, a company based in Columbus, MS, would like to share recent news that Fannie Mae and Freddie Mac (the Enterprises) has gotten rid of the Adverse Market Fee, that went into effect on August 1st, to help families decrease their housing cost. This fee was previously put in place to cover losses projected because of the pandemic. With the elimination of the fee, lenders are no longer required to pay the Enterprises a 50-basis point fee when refinanced home finance agreements are delivered.

The American Bankers Association (ABA) and various advocacy groups were staunch critics of the fee and strongly requested its withdrawal. Several lawmakers were also concerned that the

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