California homeowner Renee Bono calls it "unconscionable." Don Bonn, an agent with Champion Realty in Maryland, says it’s a federal tax that too many home sellers and refinancers know little or nothing about.

Sens. Johnny Isakson, R-Ga., and Ben Cardin, D-Md., have a legislative fix ready to go if the Obama administration doesn’t instruct the U.S. Department of Housing and Urban Development to make the change on its own.

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