The Democrats in the House and Senate proposed a new bill to extend payroll tax cuts for two months and they suggest that an increased fee to FHA home loan to pay for it. I’ve heard some wild ideas reporting new in the mortgage industry for the last decade, but hiking home loan fees is absurd. The House [...]
Democrats Want Homeowners to Fund Payroll Tax Extension Via FHA, Fannie and Freddie
You guys are on it! House Republicans Tuesday afternoon killed a Senate-passed compromise on a short-term extension of the payroll tax cut that is funded, in part, by hiking the guarantee fees charged to seller/servicers by Fannie Mae and Freddie Mac.- Blane Hamilton