Mortgage

FHA may scuttle ‘antiquated’ mortgage prepayment penalty

Realtors say interest charges are an unfair burden on home sellers
Published on May 7, 2014 | Updated on Jun 4, 2014

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by CareyBot

Realtors are cheering a proposal by U.S. Department of Housing and Urban Development to eliminate interest charges imposed after borrowers pay off loans insured by the Federal Housing Administration. Currently, FHA borrowers are charged interest through the end of the ...

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