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Has FHA increased their fees so high they are now a predatory lender?


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2013 Nov 24, 2:29pm   1,002 views  1 comment

by golfplan18   ➕follow (1)   💰tip   ignore  

http://ochousingnews.com/fha-increased-fees-high-now-predatory-lender/

Just in case you didn’t know FHA is a government insurance program for lenders. FHA has front-end Mortgage Insurance and regular Mortgage Insurance and it’s paid by the borrower. These rates have greatly increased since 2007. Now a new question is being asked. Is FHA now one the lenders (really an insurance product) the government tried to band after the housing bust.

#housing

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1   MAGA   2014 Apr 9, 11:37pm  

Taxpayers should not be in the business of insuring mortgages. Want a house? Put down 20% and you will get your conventional mortgage.

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