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It’s official: FHFA will delay g-fee hikes

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Mortgage Professional America | 08 Jan 2014, 08:13 AM Agree 0
Implications of fee hikes 'could be significant,' says Watt
  • being human | | 08 Jan 2014, 08:25 AM Agree 0
    Just get rid of reverse mortgages and no fees will have to be raised. Now the brainiacks are approving reverse mortgage purchases. When will the madness end?
  • Troy Cyrus | | 08 Jan 2014, 08:31 AM Agree 0
    Kudos to Mel Watt for a reasonable decision to review Mr. DeMarco's knee jerk reaction. Hopefully, Mel gains clarity that these costs are passed through to borrowers and it ultimately is harmful to growth of home ownership. We could just be kicking the can down the road though with his track record.
  • commonsense! | | 08 Jan 2014, 09:28 AM Agree 0
    being human - you obviously dont understand the reverse mortgage market. It has nothing to do with Fannie/Freddie. This increase is due to conventional mortgage issues. ( I do agree that it shouldnt be raised). FHA increases the mi premium to cover "potential losses". They are required to have eneough cash on had to cover forcast losses. This is madness. The reverse market is so small in comparison to the rest of FHA. They are using it as a scape goat for the rest of the program.
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