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Loan Modification

: The Truth About Mortgage.com

FHA Loan Origination Fee Cap Removed

By scot184

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The U.S. Department of Housing and Urban Development (HUD) has removed the one percent loan origination fee cap on FHA mortgages originated on or after January 1, 2010, according to a mortgagee letter. The move is consistent with changes to the Real Estate Settlement Procedures Act (RESPA), as the sum of all fees and charges from [...]

Full post as published by The Truth About Mortgage.com on January 06, 2010 (boomark / email).

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