BrokerageIndustry News

Fannie and Freddie fee hike in states with long foreclosure timelines?

Commentary: Borrowers may face targeted price hikes on new mortgages
Published on Sep 27, 2011

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Could homebuyers and loan applicants in states with lengthy foreclosure timelines -- from notice of default to repossession of the house by the bank -- soon be subjected to targeted price hikes on new mortgages?

Could borrowers in places like New York, Florida, New Jersey and Maryland be heading for payback time? It sure sounds like it.