Regulators order mortgage giants to eliminate upfront fees on many purchase loans in order to help first-time homebuyers of limited means, the Federal Housing Finance Agency announced Monday.
Source: Inman News
Fannie, Freddie ordered to slash fees for many first-time homebuyers
Published in Banking & Lending, Bob Broeksmit, Chi Chi Wu, credit scores, fannie mae, fico, FICO 10T, freddie mac, guarantee fees, LLPAs, loan-level price adjustments, Mortgage, mortgage bankers association, National Consumer Law Center, Sandra Thompson, Select, vantagescore and VantageScore 4.0
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