On Wednesday, the Federal Housing Finance Agency reverse the plan to implement the new mortgage fees according to borrower’s debt to income ratio. But the Federal Housing Finance Agency will still implement another unpopular fee for some buyers.
New unpopular mortgage fees for homebuyers
The Federal Housing Finance Agency will keep other unpopular mortgage fees that affect homebuyers with higher credit scores.
The Federal Housing Finance Agency rules new mortgage fees will be based on the debt-to-income ratio will be annulled after hearing the outcry of the mortgage industry.
The Federal Housing Finance Agency should be more transparent in its processing of fees. The Federal Housing Finance Agency should release a pricing framework.
Federal Housing Finance Agency must withdraw all new unpopular mortgage fees
President’s Administration praised the Federal Housing Finance Agency’s move to remove the debt-to-income ratio and suggest to reverse all new unpopular mortgage fees.
If the Federal Housing Finance Agency still does not remove its new unpopular fee for some buyers, Congress will take action to end it.
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