Strangely, I’ve seen no mention of this since the initial press release about it back in January. Has this actually kicked in? If so, what is the effect? Let’s assume a hypothetical $900k house purchase with 20% down in a HCOL area. Are these upfront fees to be paid at closing (which is how I read it, but I could be wrong)? Is it a rate increase? Is it something that can be rolled into the loan?
Agents/brokers: How has this affected the market and/or your clients, if at all?
submitted by /u/VadGTI
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Strangely, I’ve seen no mention of this since the initial press release about it back in January. Has this actually kicked in? If so, what is the effect? Let’s assume a hypothetical $900k house purchase with 20% down in a HCOL area. Are these upfront fees to be paid at closing (which is how I read it, but I could be wrong)? Is it a rate increase? Is it something that can be rolled into the loan? Agents/brokers: How has this affected the market and/or your clients, if at all? submitted by /u/VadGTI [link] [comments]
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