On January 5th, FHFA, the governing body which oversees most of the US mortgage market, announced substantial risk-based increases for second homes and high balance loans.  

Change in fees for second homes and high balance loans

On January 5th, FHFA, the governing body which oversees most of the US mortgage market, announced substantial risk-based increases for second homes and high balance loans.     The announcement positioned the changes as an aim to strengthen government enterprises and make home-buying more attainable.  Affordable home loan programs will not be subjected to the fee …

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