Freddie Mac's new, stricter guidelines for the delivery fee structure of 30-year mortgages might hinder refinancings.

The just-announced fee structure based on both FICO and LTV decreases the fee on low LTV/low FICO borrowers, while penalizing borrowers with high LTVs. These will become effective for settlements starting June 1. The updated guidelines came after both Freddie Mac and Fannie Mae increased delivery fees based mostly on FICO scores last November.

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