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WASHINGTON-Fannie Mae and Freddie Mac have cancelled a scheduled hike in their market risk delivery charges after their regulator - which oversees the two through a government conservatorship - urged them to reduce loan fees, a move that would make mortgages more affordable to consumers.
Earlier this fall the government-sponsored enterprises were slated to double their market risk delivery fees to 50 basis points - but that was before the Federal Housing Finance Agency took control of them on Sept. 7.
Fannie rolled back a 25 basis point increase in its "adverse market" delivery...