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The CEOs of Fannie Mae and Freddie Mac are responding to a massive backlash over an unexpected refinancing fee. In a letter to lenders, they wrote that the uproar was unwarranted, saying it won\u2019t make much of a difference to a homeowner\u2019s monthly payment. And the fee will help the mortgage guarantee companies continue their work of helping others. \xa0 If you haven\u2019t heard of the fee yet, it\u2019s a half point surcharge on the cost of a refi that takes effect on September 1st. For the average $280,000 refi, that\u2019s about $1400 added into the amount that is being financed. \xa0 www.NewsForInvestors.com