[RickFLM4]

If they are going to use the incremental fee to reduce the chances of needing the government to intervene later, fine by me. A lot of people requested and received forbearance (or just went delinquent) and economic forecasts are not great. So someone needs to pay for that increased risk. It shouldn’t last forever.

I also think it might put some pressure on rates offered by lenders because anyone who refinances should be comparing the total picture inclusive of fees and higher fees raises the bar on when it makes sense to refinance. If lenders want deal flow, they will need to make it worthwhile to borrowers. But there are a lot of variables so no way to know for sure.