Homebuyers, Beware: Mortgage Fees Would Rise Under Payroll Tax Cut Deal

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In exchange for two-month tax cut, the Senate on Saturday approved a permanent increase in fees attached to mortgages backed by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA). The fee hike would apply to new mortgages and new refinances, and would last for the life of the loans. The increase is [...]

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