A homebuyer taking out a $300K loan could end up overpaying by $1,200 a year — and even more if they're in the market for a jumbo, FHA or VA mortgage, according to a new CFPB analysis
The Federal Housing Finance Agency says risk-based fee increases are aimed at ensuring the mortgage giants' safety and soundness, not to subsidize fee waivers for buyers of limited means
The mortgage giants' federal regulator eliminates upfront fees for first-time homebuyers of limited means, but some better-off borrowers will see increases starting May 1
Rocket, Guild and UWM are among lenders providing homebuyers with options, such as temporary rate buydowns and reduced fees on refis if rates come down from 2022 peaks
The big run-up in home prices may have cooled, but the 2023 conforming loan limit will be increased by 12% to $726,200 in most parts of the country
If lender can't provide copy of appraisal, demand a refund
Do you know where to look?
Fed may launch new round of MBS purchases as lawmakers hike Fannie, Freddie fees