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loan fees: Things That Make You Say WTF - 02/07/12 11:26 AM
My most recent need to “WTF?” something was in response to an absurd left hook leveled at Americans by our governing body and its cracker jack cast of elected officials.
First of all, thanks for passing the Tax Cut Continuation Act of 2011; you guys rock the Congressional floor! But after the confetti for their self-indulgent ticker tape parade settled it seems that we’re simply talking about a re-distribution here. A component of this act includes a mandate by the Federal Housing Finance Agency to have Fannie and Freddie increase their guarantee fee on mortgage loans.
In the classic “give with … (0 comments)

loan fees: Here We Go Again - 08/11/08 02:21 PM
OK, Fannie Mae (FNMA) is at it again.  As of 10/1/08, they are raising the cost of loans for borrowers. They are doing it two ways.  First, they are increasing costs on their matrix of "risk based" pricing model (see below), which means that if you do not have a 40% down payment OR your qualifying credit score is not at least a 720, then you will experience an increase in costs related to that loan.  Not only did they adjust pricing for those with less than perfect credit, they also DOUBLED their fee for ALL mortgages, from .25% of the … (5 comments)

 
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Brian P. Forrester

Palm Harbor, FL

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VanDyk Mortgage

Address: 35095 US Hwy 19 N Suite 100, Palm Harbor, FL, 34684

Office Phone: (727) 216-8138

Cell Phone: (813) 361-6350

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