Fannie, Freddie take stance in battle over proposed ‘all-in’ APR

Despite strong opposition from mortgage lenders, government-sponsored enterprises Fannie Mae and Freddie Mac are applauding the Consumer Financial Protection Bureau’s effort to change the way annual percentage rate is calculated. Read on to learn why Fannie and Freddie believe the CFPB’s proposed more inclusive APR will benefit consumers and reduce the industry’s compliance burden.