So I started to refi our existing loan. Get all the paperwork to the lender and then find out 2 days ago...well, read the article.
Sent an email to said lender, and he's like "yep, gonna cost you more". Emailed him asked if he planned on notifying me, or was going to try to slip it by at closing without saying anything. Crickets!
FHFA Drops a Bomb; Your Refi Just Got Much More Expensive!
In what can only be described as a cash grab, Fannie and Freddie's regulator just announced a new tax on refinances. Granted, it's not technically a tax, and it wasn't probably even intended to hit the pocketbooks of the American homeowner, but that's unfortunately exactly what it will do. Let's...
www.mortgagenewsdaily.com
Sent an email to said lender, and he's like "yep, gonna cost you more". Emailed him asked if he planned on notifying me, or was going to try to slip it by at closing without saying anything. Crickets!