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Loan Modification
: Mortgage Lender Implode-o-MeterFreddie Mac Raises Mortgage Fees as It Seeks Adequate Payments
By Implode-Explode Heavy Industries
"Freddie Mac, the mortgage-finance company under U.S. control, will boost fees it charges lenders selling it riskier home loans.
The changes, which take effect March 1, will raise some of the upfront fees by as much 0.75 percent of loan balances and add costs for consumers using additional home loans as part of their borrowing..."
Full post as published by Mortgage Lender Implode-o-Meter on November 23, 2010 (boomark / email).
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