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Ambassador
3,058,272
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Robbery?  YES. 

Crappy?  YES.

Wrong on so many levels? Absolutely!! 

Aug 13, 2020 03:58 PM
Rainmaker
911,486
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Lending is a business of risk.

This will slow down the refi market as it is not good news for many of those contemplating a refi.

By the way, Caroline Gerardo, your link did not work.

Try this one: FHFA increases loan fee  

Aug 13, 2020 10:56 AM
Rainer
272,855
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

Good has paid a price to evil since the dawn of time.

Aug 13, 2020 02:49 PM
Rainmaker
961,261
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

The link is not working but I was able to read about it thanks to John Juarez posting an alternate. This is utterly ridiculous and wrong on so many levels. It reminds of the notices we get for HO and flood insurance about an "across the board increase" which I consider total b___ s___. Whatever happened to risk based lending and insurance. Don't get me started...

Aug 13, 2020 12:22 PM
Rainmaker
1,232,727
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Wow, so whether they refi and stay in their FHA or refi-out there's a fee?

Robbery both ways, they already stick it to them with permanent PMI.

Aug 13, 2020 09:49 AM
Rainer
379,980
David M. Dwares
Title Professionals Corp. - Fort Lauderdale, FL
Title guy with a broker license

I think you just described the concept behind insurance.

Aug 14, 2020 05:53 AM
Rainmaker
1,596,606
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Link does not work.

Aug 13, 2020 03:13 PM
Rainmaker
3,469,480
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Caroline Gerardo many borrowers will pay more in finance charge.

Aug 13, 2020 01:14 PM
Rainmaker
1,723,555
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

well link is not working but I cannot see charging anymore across the board. Why do people think the FHA well is dry? It's supposedly fine the way it is. They are probably expecting more defaults because of the pandemic.

Aug 13, 2020 11:56 AM
Rainmaker
2,808,236
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

WTH? 

Aug 13, 2020 04:02 PM
Rainmaker
1,723,555
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

well link is not working but I cannot see charging anymore across the board. Why do people think the FHA well is dry? It's supposedly fine the way it is. They are probably expecting more defaults because of the pandemic.

Aug 13, 2020 11:56 AM
Rainmaker
2,642,262
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

the good paying for the bad is an age old dynamic.....What can you do?

Aug 13, 2020 09:58 AM
Rainmaker
6,613,253
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

A bad idea.

Aug 14, 2020 09:08 AM
Rainmaker
558,105
Jason E. Gordon
AmeriFirst Financial Inc, San Diego, CA - San Diego, CA
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE

Total extortion and money-grab from our "partners" at the FHFA. Mark Calabria has repeatedly proven he is no supporter of the real estate or mortgage industries. He needs to go.

Aug 14, 2020 08:45 AM
Rainmaker
4,214,059
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Government involved and you want logic?

Aug 14, 2020 07:05 AM
Ambassador
3,039,280
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I actually think it's fine.  Because it will help when all the REO properties hit 12 months from now.  And for people being forced to close their business, there will be foreclosures.   I believe it will happen in urban areas, no everywhere.

Aug 14, 2020 06:16 AM
Rainmaker
2,024,200
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Had not heard about this

Aug 14, 2020 05:59 AM